Beijing (Reuters) The Chied Shrank production work in the fourth month in July, shown by the official survey on Thursday, indicating abuses before the US rents have begun to blame.
Reference for Cunchering management (PMI) fall at 49.3 July compared to 49.7 in June, the National Bureau of Statistics (NBS) showed, under the growth of 50 marks separation. The reading was very low since April.
While we and the Chinese officials agreed to the expansion of their 90-day economy on Tuesday, the world’s largest economic policy makers still need to deal with excessive importance in the key areas, the marketing market of the Tepid buildings.
“The moving momentums may reduce the amazing follow-up in the first part,” said X Taganchen, high economic scholar of crime.
“One silver line of China, however, that there will be no significant cost of cost after Trump will charge 15 -20% prices for other senior partners.”
According to NBS survey, New Orders Orders Ordex was left with a 15-month-old quarter, postponing 47.1 from 47.7 in June.
All new orders fall into the extinction of June, indicating the demand at home is also weak.
Hong Kong and China Equity Slet to answer the data. [MKTS/GLOB]
The NBS Statistician Zhao is firmly qualified for the traditional time of production time, high swap, heavy rains and floods in some places in July to press the low PMI.
The growth of production dropped at July and the employment is becoming weak as manufacturers try to keep the cost, shown by the NBS survey.
Material prices grow and grow and release prices to 48.3 from 46.2 in June, emphasizing the efforts of the authorities.
The Chinese economy grew up 5.2% in the second quarter, before the expectations, assisted with the support of the government policy and the US President Donald Trump’s decision. That moved the IMF to raise their prediction of the year to 4.8% this year compared to the past 4.0% weather.
Top leaders at Wednesday’s meeting with “neglected competitions” between the remaining rest of the year, such as the reduction of the price between manufacturers.
“(We) must assist the affected foreign exchange companies and strengthen financial support,” said state chiefs, presenting a summary of the meeting.
Analysts emphasized the need for China to remove from the Government guidance, conducted by Excemumber driven by the economic incident in the required funds for domestic consumers.
They have said the announcement of this week’s care carefully care for children is a small but encouraging. On authorization authorities to promote the quality of the Flacking, China will provide children’s annual 3,600 YUA ($ 501) for three years.
However, non-productive PMI, which includes services and construction down to 50.1 in July from 50.5 in June, the lowest readings from November, according to NBB.
Without summer holiday travel, PMI services also refused to go to 50.0 from June 50.1.
($ 1 = 7.1766 Yuan)
(Reporting by Ellen Zhang and Ryan Woo; Organized by SAM HOLME and Tom Hogue)
