National Bureau of Statistics: China's manufacturing purchasing managers' index was 49.3% in July. The manufacturing industry's business activity has slightly declined.

In July, the Purchasing Managers' Index (PMI) for the manufacturing sector was 49.3%, a decrease of 0.4 percentage points from the previous month, indicating a slight decline in the manufacturing industry. In terms of company size, the PMI for large enterprises was 50.3%, a decrease of 0.9 percentage points from the previous month but still above the critical point; the PMI for medium-sized enterprises was 49.5%, an increase of 0.9 percentage points from the previous month but still below the critical point; and the PMI for small enterprises was 46.4%, a decrease of 0.9 percentage points from the previous month and also below the critical point. In terms of classification indices, among the 5 classification indices that make up the manufacturing PMI, the production index and supplier delivery time index were both above the critical point, while the new orders index, raw material inventory index, and employment index were below the critical point. The production index was 50.5%, a decrease of 0.5 percentage points from the previous month but still above the critical point, indicating continued expansion in manufacturing production. The new orders index was 49.4%, a decrease of 0.8 percentage points from the previous month, indicating a slowdown in market demand for the manufacturing industry.