Strong domestic demand helped Chinese manufacturing growth record a marginal increase in August, despite a sharp fall in export demand.
The country’s official purchasing managers’ index climbed 0.2 points to 50.9 in August after falling for four consecutive months. China’s official PMI had fallen to a 28-month low in July as the manufacturing sector was hit by Beijing’s anti-inflationary measures and a decline in demand from some of the largest buyers of Chinese goods amid signs of a global slowdown.
A figure above 50 denotes expansion, while a reading below that level points to contraction.
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