PMI readings above 50 indicate expansion, while those below that signal contraction.China on Monday announced that manufacturing activity expanded in the month of August as the country continued to recover from the coronavirus pandemic.
The official manufacturing Purchasing Manager's Index for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics.had expected August PMI to come in at 51.2. PMI readings above 50 indicate expansion, while those below that signal contraction. PMI readings are sequential and indicate on-month expansion or contraction.
China's manufacturing sector was battered earlier this year as factories shut due to large-scale lockdowns to contain the coronavirus pandemic. But recent data out of China paint a picture of recovery, with expansion in manufacturing activity andThe recovery in China is driven partly by government stimulus spurring
For once reported a fact. We have indeed seen an expansion of China manufacturing LIES in August, desperately ramping up their fake news effort to mislead gullible western media like . Well done.
Hunter Biden must be super pumped! LANDSLIDE2020
Who gives a fk abt china? Lies n more lies. Get your businesses out of there now !!
Comparing to their ancestors, today’s westerners are too silly, too stupid, too east to fool. Maybe it’s due to CCP are too sly, too nasty and too treacherous
Bullish though, right?
CNBC ❤️ CCP
China's torture camps also expanded significantly, beating all expectations:;
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