July manufacturing PMI was 49.2%, down 1.1 ppt MoM, indicating domestic demand still needs to stabilise. High‑tech manufacturing PMI was 53.3% and equipment manufacturing PMI 51.4%, both in expansion territory, signaling robust supply and demand for high‑tech products and continued upgrading of China's manufacturing base.

2026-07-31

July manufacturing PMI was 49.2%, down 1.1 ppt MoM, indicating domestic demand still needs to stabilise. High‑tech manufacturing PMI was 53.3% and equipment manufacturing PMI 51.4%, both in expansion territory, signaling robust supply and demand for high‑tech products and continued upgrading of China's manufacturing base.