China Manufacturing Sector Slows Contraction

The pace of contraction in China's manufacturing sector activity slowed down in August, as the Purchasing Managers' Index (PMI) rose to 49.8 points from 49.2 in July, indicating a slight improvement although still below the 50-point threshold that separates contraction from expansion. The services sector index remained steady at 49 points, while the composite PMI increased to 49.5 points from 49.3, reflecting a slowdown in the decline of economic activity across both sectors.

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