July 31, 2024 6:16 PM

China’s manufacturing sector continues to struggle despite effort to revive economy

China's manufacturing sector has recorded its third consecutive month of decline in July, signaling persistent economic challenges despite recent government efforts to stimulate growth in the world's second-largest economy. The National Bureau of Statistics reported on Wednesday that the manufacturing Purchasing Managers' Index (PMI) for July fell to 49.4, down from 49.5 in June. This marks a five-month low and remains below the crucial 50-point threshold that separates growth from contraction....