Braking Down The News

China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery

Pressure isn’t expected to ease as data for two key sectors came in negative for July

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China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on a country that remains a drag on the struggling global economy.

Chinese manufacturing activity unexpectedly contracted in July, as Beijing’s stringent Covid-19 restrictions and weak demand undercut hopes for a more robust economic revival.

 

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