China’s manufacturing unexpectedly contracted in July, slipping below the 50 threshold for the first time in five months — a major red flag for the world’s second-largest economy. The PMI dropped to 49.2, signaling weakening production and new orders, fueled by sluggish domestic demand, property market woes, and disruptive typhoons. While exports — especially in tech — remain a bright spot, overall growth slowed to its weakest pace in over three years. Economists expect China to rely more on exports this year, though officials are pushing hard to reignite domestic consumption.
Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
