China HSBC Manufacturing PMI declined to an 11-month low of 47.7 in July from 48.2 the previous month

China HSBC Manufacturing PMI declined to an 11-month low of 47.7 in July from 48.2 the previous month. This was in line with consensus estimates of 47.7 based on a Bloomberg poll of economists. The lower reading of the July HSBC Flash China Manufacturing PMI suggests a continuous slowdown in manufacturing sectors as a result of weaker new orders and faster destocking. (VIEW LINK)