China manufacturing activity retreats in July
Xinhua, August 1, 2015 Adjust font size:
China's manufacturing business activity retreated slightly in July from the previous month, official data showed on Saturday.
The manufacturing purchasing managers' index (PMI), a key measure of factory activity in China, posted at 50.0 in July, down from 50.2 in June, according to data compiled by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
A reading above 50 indicates expansion, while a reading below 50 represents contraction. Endi