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China's July PMI nudges up but numbers are still in contraction

Factories likely to feel heat from trade war for the rest of 2019; analysts call for further stimulus measures

Fri, Aug 02, 2019 - 5:50 AM

The Caixin/IHS Markit Manufacturing PMI for July rose to 49.9 from 49.4 in June, remaining below the 50 mark dividing expansion from contraction.

PHOTO: REUTERS

Beijing

CHINA'S manufacturing sector showed tepid signs of a recovery in July as the government's proactive stimulus measures start to take effect on part of the economy, two surveys showed.

However, with the trade war entering its second year and showing no signs of abating,...

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