📉 China's manufacturing sector shrinks for the 4th month in a row! August's PMI hit 49.1, worse than July's 49.4, signaling ongoing struggles in the world's 2nd largest economy.

Key points:

- Real estate crisis & low consumer confidence

- Geopolitical tensions with the US & EU

- Analysts expected a milder drop to 49.5

While tourism & auto sectors rebound, real estate remains a drag. Non-manufacturing PMI slightly up at 50.3.

China aims to pivot to hi-tech industries like AI. Recent economic indicators show mixed results despite gov't efforts.

What do you think? 💬 Share your thoughts below!