Reported about 1 month ago
China's manufacturing activity fell to a six-month low in August, with the purchasing managers' index dropping to 49.1, indicating persistent contraction in the economy. This downturn is pressuring policymakers to increase consumer stimulus in light of weak domestic demand exacerbated by a property market crisis. While retail sales showed some unexpected strength, the overall sentiment remains cautious as any recovery in consumer spending relies heavily on addressing the struggles in the property sector.
Source: YAHOO