China’s official non-manufacturing PMI, which measures business sentiment in the services and construction sectors, fell to 52.6 from 53.8 in July. Photo: Reuters
China’s official non-manufacturing PMI, which measures business sentiment in the services and construction sectors, fell to 52.6 from 53.8 in July. Photo: Reuters

China’s zero-Covid policy remains ‘main constraint’ to economy as manufacturing, services wobble

  • Official manufacturing purchasing managers’ index (PMI) rose to 49.4 in August, while the non-manufacturing gauge fell to 52.6 from 53.8 in July
  • Power shortages caused by record heatwaves have largely subsided, but new coronavirus outbreaks are set to weigh on both manufacturing and services sectors

China’s official non-manufacturing PMI, which measures business sentiment in the services and construction sectors, fell to 52.6 from 53.8 in July. Photo: Reuters
China’s official non-manufacturing PMI, which measures business sentiment in the services and construction sectors, fell to 52.6 from 53.8 in July. Photo: Reuters
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