Factory activity in China has fallen at the highest rate in two years throughout July.
The private Caixin/Markit manufacturing purchasing managers’ index (PMI) dropped to 47.8 in July from 49.4 in the previous month. It is worse than a preliminary reading of 48.2 and is the fifth consecutive month of contraction in the sector. The results released over the weekend, which focus on small to mid-sized firms, mirror an economy which…
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