China’s small factory activity strengthened in July to highest level since January 2011

China’s manufacturing sector showed a further rebound in July to its strongest level since January 2011, but weak foreign demand and downward pressure on employment showed there is still some way to go to reach pre-coronavirus levels.The Caixin/Markit manufacturing purchasing managers’ index (PMI), released on Monday, rose to 52.8 last month from 51.2 in June, beating analysts expectations and showing production at smaller Chinese factories was improving. The 50-point mark separates contraction…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3095738/chinas-small-factory-activity-strengthened-july-highest-level