The Caixin China manufacturing purchasing managers' index (PMI) for July 2024, released today, recorded 49.8, a 2-percentage-point decrease from June, the first time it fell below the boom-bust line since November 2023, and the business level significantly dropping.
中国7月财新制造业PMI为49.8，前值为51.8
China's Caixin manufacturing PMI in July was 49.8, down from the previous value of 51.8.
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