BEIJING :China's manufacturing activity fell for a fourth straight month in July, albeit at a slower pace, an official factory survey showed on Monday, reinforcing the need for further policy support to boost domestic demand.
The world's second-largest economy grew at a slow pace in the second quarter, as demand remained weak at home and abroad, leading the Politburo - a top decision-making body of the ruling Communist Party - to describe economic recovery as"tortuous." China will implement macro adjustments to the economy"in a precise and forceful manner" and strengthen counter-cyclical adjustments, as the government sticks with prudent monetary policy and pro-active fiscal policy, the Politburo was quoted as saying last week.
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