NewsHK
China's factory sector, which staged a second-quarter recovery riding a surge in export orders, swung unexpectedly back into contraction in July as that cross-border tailwind began to unwind.
The reversal comes against the backdrop of a global manufacturing cycle that had shown tentative signs of stabilization.
It raises a straightforward question: whether domestic demand is deep enough to fill the gap left when export momentum fades.
The second-quarter rebound and what ended it The export rush that powered China's manufacturing recovery through the second quarter did not hold into July.
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