These Chinese PMIs come from the National Bureau of Statistics (NBS).
For August 2025:
Manufacturing PMI 49.4
expected 49.5, prior 49.3Non-Manufacturing PMI 50.3
expected 50.3, prior 50.1Composite 50.5
prior 50.2more to come
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Earlier big news:
US Federal Appeals court rules that most of Trump's tariffs are illegalThe legal fight is not over (see the post) but perhaps China will just wait it out on tariffs.
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