China’s July manufacturing activity contracts more than expected — declines for fourth-straight month

China’s July manufacturing activity contracts more than expected — declines for fourth-straight month


Key Points
  • China’s official manufacturing PMI has been below the 50 mark, reflecting contraction rather than expansion, since April.
  • The index for July was 49.3, missing expectations for 49.7 according to a Reuters poll.
  • During a high-level Politburo meeting on Wednesday, China’s top leaders did not signal plans for substantial new stimulus.



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