đšđł China's factory activity dipped for the 4th month in August, signaling potential struggles for the world's No. 2 economy to hit its growth target. The manufacturing PMI slid to 49.1, below the 50-mark indicating contraction. Despite interest-rate cuts, the prolonged property downturn and trade tensions with the US & Europe are adding pressure.
đč GDP growth target: ~5%
đč Economists call for more fiscal support
đč Non-manufacturing activity slightly up to 50.3
Can China turn it around? Drop your thoughts below! đŹ #Economy #Forex #Crypto #China
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