{"id":106520,"date":"2025-07-31T03:28:09","date_gmt":"2025-07-31T03:28:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/106520\/"},"modified":"2025-07-31T03:28:09","modified_gmt":"2025-07-31T03:28:09","slug":"chinas-july-manufacturing-activity-contracts-more-than-expected","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/106520\/","title":{"rendered":"China&#8217;s July manufacturing activity contracts more than expected"},"content":{"rendered":"<p>Containers reflected in a puddle following a rainfall, at the Yantian port in Shenzhen, Guangdong province, China May 9, 2025. <\/p>\n<p>Tingshu Wang | Reuters<\/p>\n<p>BEIJING \u2014 China&#8217;s official gauge for manufacturing activity on Thursday pointed to a worse-than-expected contraction in July amid slower economic growth and ongoing U.S. trade tensions.<\/p>\n<p>The Manufacturing Purchasing Managers&#8217; Index for July was 49.3, missing expectations for 49.7 according to a Reuters poll.<\/p>\n<p>China&#8217;s official manufacturing PMI has been below the 50 mark, reflecting contraction rather than expansion, <a href=\"https:\/\/www.cnbc.com\/2025\/06\/30\/chinas-manufacturing-activity-contracts-for-a-third-month-amid-deflation-woes-.html\" rel=\"nofollow noopener\" target=\"_blank\">since April<\/a>.<\/p>\n<p>U.S.-China tensions escalated in April with each side imposing tariffs of more than 100% on imports of goods from the other. The two sides agreed in May to roll back most of the additional duties for 90 days.<\/p>\n<p>The truce is set to expire in mid-August. Representatives from the world&#8217;s two largest economies ended a meeting in Stockholm this week <a href=\"https:\/\/www.cnbc.com\/2025\/07\/29\/trump-china-trade-tariffs-bessent.html\" rel=\"nofollow noopener\" target=\"_blank\">without announcing an extension of the agreement<\/a>, which had been widely expected.<\/p>\n<p>Within the manufacturing PMI, sub-indexes showed that employment, new orders and raw materials inventory also contracted in July. The index for jobs ticked up to 48, from 47.9 in June.<\/p>\n<p>The National Bureau of Statistics <a href=\"https:\/\/www.stats.gov.cn\/sj\/sjjd\/202507\/t20250731_1960548.html\" target=\"_blank\" rel=\"nofollow noopener\">attributed the manufacturing PMI decline<\/a> in July to the traditional off-season and factors such as extreme heat and torrential rain in parts of the country.<\/p>\n<p>In one of the latest instances of extreme weather, at least 30 people died this week on the outskirts of Beijing after the city issued the highest-level red alert for heavy rain, according to state media.<\/p>\n<p>China&#8217;s <a href=\"https:\/\/www.cnbc.com\/2025\/07\/14\/china-exports-imports-trade-data-june.html\" rel=\"nofollow noopener\" target=\"_blank\">exports rose by 5.8% year on year in June<\/a>, more than offsetting a drop in exports to the U.S., customs data showed earlier this month.<\/p>\n<p>During a high-level Politburo meeting on Wednesday, China&#8217;s top leaders did not signal plans for substantial new stimulus, although the country has been ramping up subsidies to encourage people to have more children.<\/p>\n<p>\u2014 CNBC&#8217;s Anniek Bao contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Containers reflected in a puddle following a rainfall, at the Yantian port in Shenzhen, Guangdong province, China May&hellip;\n","protected":false},"author":3,"featured_media":106521,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,81,17103,135,134,67,132,68],"class_list":{"0":"post-106520","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-news","10":"tag-market-insider","11":"tag-markets","12":"tag-stock-markets","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114945726994806864","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/106520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=106520"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/106520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/106521"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=106520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=106520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=106520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}