China's non-manufacturing PMI falls to 6-month low

Source: Reuters
© Scanpix/AP
The Chinese PMI for the non-manufacturing sector was 54.2 in July falling from 55 the month prior. However, the general sentiment towards the economy is still positive as the number indicates further expansion and the manufacturing PMI has showed signs of delivering the long awaited rebound. The only worrying part for the Chinese economy now is the housing sector.
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