China’s Manufacturing Sector Witnesses Steep Downfall Despite Administration’s Effort To Revive Economy

Beijing: China’s manufacturing sector has experienced a decline for the third consecutive month as of July, with demand remaining weak despite recent government efforts to stimulate the world’s second-largest economy.The demand index for July stands at 49.4, slightly lower than June’s 49.5, as announced by the National Bureau of Statistics on Wednesday. The latest PMI, a five-month low, remains
Beijing: China’s manufacturing sector has experienced a decline for the third consecutive month as of July, with demand remaining weak despite recent government efforts to stimulate the world’s second-largest economy.The demand index for July stands at 49.4, slightly lower than June’s 49.5, as announced by the National Bureau of Statistics on Wednesday. The latest PMI, a five-month low, remains
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