Chinese Factory Activity Declines Further in August Amid Rising Economic Headwinds

In August 2024, the manufacturing activity index in China continued its downward trend, raising concerns about the country's economic health. Official data revealed that the PMI (Purchasing Managers' Index) fell to 49.7 points from 50.0 in July. This reading, below 50, indicates a contraction in manufacturing activity, signaling serious economic issues facing China.

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