The latest survey of the huge factory sector shows only very sluggish growth, fuelling expectations of more government stimulus
Growth at China’s big manufacturers unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a stock market slump.
The official purchasing managers’ index (PMI) stood at 50.0 in July, compared with the previous month’s 50.2. The 50-point mark separates growth from contraction on a monthly basis.
Source: The Guardian Circular Economy RSS