China’s manufacturing activity slipped back into contraction in July, suggesting the recovery seen during the second quarter has lost momentum. The official NBS Manufacturing PMI fell from 50.3 to 49.2, below market expectations of 49.9 and marking the lowest reading since February. The decline also erased four consecutive months of expansion, indicating factories entered the […]The post China NBS Manufacturing PMI Falls Back Into Contraction at 49.2 as Domestic Demand Weakens appeared first on ActionForex.