Reported 3 months ago
In July, China's manufacturing sector experienced a decline for the third consecutive month, according to an official survey. The purchasing managers' index (PMI) fell to 49.4, indicating contraction as the country grapples with a protracted property crisis and mounting economic insecurity. While some support has come from solid exports, domestic demand remains weak, prompting expectations of further stimulus measures from the government to invigorate the economy.
Source: YAHOO