China factory activity expands at quickest pace since 2011 as demand surges

China's factory activity expanded at the fastest pace in nearly a decade in July as domestic demand continued to improve after the coronavirus crisis, though export orders and employment remained weak, a private business survey showed on Monday. The Caixin/Markit Manufacturing Purchasing Managers' Index(PMI) rose to 52.8 last month from June's 51.

2, marking the sector's third consecutive month of growth and the biggest jump since January 2011. It also beat analysts' forecasts for a more modest improvement of 51.3......

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