BEIJING: China's factory activity extended declines in August as new COVID infections, the worst heatwaves in decades and an embattled property sector weighed on production, a survey showed on Wednesday.
The official manufacturing purchasing managers' Index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) said. The index remained below the 50-point mark that separates contraction from growth but was higher than the 49.2 expected in a Reuters poll of analysts.
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