China still waiting for factory activity lift-off as US wields new tech curbs

China still waiting for factory activity lift-off as US wields new tech curbs

China reported sluggish factory activity in August, as fresh US tech curbs threatened to undermine Beijing’s push into advanced manufacturing. The National Bureau of Statistics said on Sunday that the official manufacturing purchasing managers’ index (PMI) for August was 49.4, edging up from 49.3 in July. The headline reading has remained below the…

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