Huo Lihui, chief statistician at the NBS service-sector survey center, said July's composite PMI output index was 49.3%, down 1.3 percentage points month-on-month, indicating firms' production and business activity slowed. The manufacturing productio

2026-07-31

Huo Lihui, chief statistician at the NBS service-sector survey center, said July's composite PMI output index was 49.3%, down 1.3 percentage points month-on-month, indicating firms' production and business activity slowed. The manufacturing production index was 49.9% and the non-manufacturing business activity index was 49.0%.