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China's Purchasing Managers' Index (PMI) edged down to 50.4 in July from 50.9 in June, though the index stayed above breakeven 50.0 for the 17th month, data from the National Bureau of Statistics on Saturday showed.
Manufacturing activity and demand generally slowed as the production and new order sub-index fell 0.9 pp and 0.6 pp to 51.0 and 50.9, respectively. New export orders slid 0.4 pp to 47.7, and imports also fell further into contraction at 49.4.
The non-manufacturing service gauge eased to 53.3 from 53.5, though still maintaining expansion. The business activity sub-index of air transportation, accommodation and catering all increased by more than 10.0 pps from the previous month, as demand quickened due to summer vacation spending, the NBS said.