China’s production activity contracted in July, the regularmonthly Purchasing Managers’ Index states

China’s production activity contracted in July, the regularmonthly Purchasing Managers’ Index states

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BEIJING — A carefully seen step of Chinese production activity stayed unfavorable in July as issue continues about the state of the world’s 2nd biggest economy.

The Purchasing Managers’ Index, based on a study of factory supervisors, slipped 0.1 points to 49.4, the National Bureau of Statistics stated Wednesday. It was the 3rd straight month-to-month reading listedbelow 50, a level that shows a contra

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