Reported 3 months ago
China's factory activity fell for the third consecutive month in July, registering a purchasing managers' index of 49.4, indicating persistent economic weakness. This decline, occurring as consumer spending turns sluggish and external demand falters, puts Beijing's growth efforts under strain. While the non-manufacturing index remained marginally above contraction at 50.2, the underlying signs point to continued economic challenges ahead, prompting skepticism over the effectiveness of recent policy commitments to boost domestic consumption.
Source: YAHOO