China Drying Network News In July, the initial value of China's manufacturing PMI was 49.5, a slight increase from the 48.2 in June, the highest in five months. The data also showed that the initial value of China's manufacturing output index in July was 51.2, which also rebounded from 49.3 in June, the highest in nine months. The rapidly falling inflation rate creates room for more relaxed policies, and with the full efficiency of easing policies, economic growth is expected to improve significantly in the coming months. In July, the initial value of the HSBC China Manufacturing Purchasing Managers Index moderately rebounded to the highest value of 49.5 in the past five months, indicating that the previous easing measures began to have an effect. However, this figure is still below the 50-point boundary, indicating that total demand is still weak and employment pressure is increasing. This requires policies to increase loosening to support economic growth and employment.
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China's Manufacturing Purchasing Managers' Index Initially Returns to the Highest Level in 5 Months
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