An official measure of Chinese manufacturing activity showed a slight expansion in July, defying expectations that growth had turned negative last month.
But a separate independent survey published at the same time by HSBC showed a “marked deterioration of business conditions faced by Chinese manufacturers”.
The official government purchasing managers’ index for July, published on Thursday, rose to 50.3 from 50.1 in June, suggesting that conditions had improved marginally in the manufacturing sector. However, the HSBC PMI fell to its lowest level in 11 months, dropping to 47.7 in July from 48.2 the previous month.
您已阅读36%（619字），剩余64%（1116字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。