Beijing policy talk heats up on mixed manufacturing data

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) rose to 50.4 in August, up from 49.8 in July. — China Daily

BEIJING: China’s manufacturing data put up a mixed performance in August, thus increasing the necessity of launching additional macroeconomic policy support measures to ensure the achievement of the country’s annual growth target, economists and analysts say.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), a privately gauged indicator of the operating conditions of the country’s manufacturing sector, rose to 50.4 in August, up from 49.8 in July, media group Caixin said in a report on Monday.