Industrials, Technology, Healthcare Aug 02, 2021 07:45 AM (GMT+8)
According to the data released by the National Bureau of statistics, China's Manufacturing Purchasing Manager Index (PMI) was 50.4% in July. This is the 17 consecutive months that the index has been above the critical point. Analysts said that as one of the important leading economic indicators, PMI continued to be in the expansion range in July, indicating that the endogenous kinetic energy represented by manufacturing investment was significantly better. There were many positive changes in the economy, with strong momentum for steady growth in the third quarter. Considering that export growth may be under pressure and insufficient demand in the second half of the year, measures to stabilize growth in the third quarter are expected to be overweight.
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