Reported 3 months ago
China's non-manufacturing activity growth has slowed in July, driven by a decrease in domestic demand for services, as highlighted by the latest purchasing managers' index (PMI) from the National Bureau of Statistics (NBS), which fell to 50.2 from 50.5 in June. This trend underscores the ongoing challenges faced by the domestic economy, particularly linked to a prolonged crisis in the property sector.
Source: YAHOO