🇨🇳 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.

🔹 GDP growth target: ~5%

🔹 Economists call for more fiscal support

🔹 Non-manufacturing activity slightly up to 50.3

Can China turn it around? Drop your thoughts below! 💬 #Economy #Forex #Crypto #China

Read more: [link]