- China's Caixin manufacturing purchasing managers index has reached its highest level in nine years as demand begins to recover from an economic slowdown.
- The index (weighted toward small private manufacturers) hit 52.8 in July (over 50 = expansion), up from 51.2 in June. The measure was also over 50 in May, making this the third straight month of expansion.
- Production expanded for the fifth month in a row, and at the fastest pace in nearly a decade; total new orders also rose at their fastest pace since early 2011. But total new exports orders, while improving, were in contraction territory for the seventh straight month.
- China's official manufacturing PMI (focused more on big state-owned companies) also hit a four-month high in July, at 51.1.
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