In July this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.1, increasing from the Caixin PMI final reading of 50.4 for June, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with the China Economic and Business Monitor (CEBM), part of Caixin Insight Group, commented that operating conditions in the Chinese manufacturing sector improved further in July, suggesting the economy’s growth momentum will be sustained.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.4 percent in July, down 0.3 percentage points compared to the previous month.