China’s July S&P Global Composite PMI released: 50.8

China's July S&P Global Composite PMI fell to 50.8 from 53.6, indicating a narrowing contraction in manufacturing with unclear policy implications.

China’s S&P Global Composite PMI for July came in at 50.8, down from the previous reading of 53.6. This figure is lower than the prior value, indicating that the pace of contraction in manufacturing activity has slowed, though the specific implications for liquidity and policy expectations remain unclear.