The Caixin China General Composite PMI fell to 51.2 in July 2024 from June’s 52.8, pointing to the lowest figure since last October while indicating the ninth straight month of growth in private sector activity.
“Policy efforts should focus on stabilizing growth, improving employment, intensifying stimulus, … and unleashing market vitality,” said Dr. Wang Zhe, senior Economist at Caixin Insight Group.
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