China's flash PMI hits 15-month low in July; growth under pressure

Beijing

A KEY gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, casting a pall over growth in the world's second-largest economy.

The preliminary reading of Caixin's Purchasing Manager's Index (PMI) came in at 48.2 this month, the Chinese media group said in a joint statement with Markit, a financial information services provider that compiled the survey.