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September 2nd, 2022 
Awake Goy BEIJING—China’s factory activity extended declines in August as new COVID-19 infections, heat waves, and an embattled property sector weighed on production, suggesting the economy will struggle to sustain momentum.
The official manufacturing purchasing managers’ index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) said on Wednesday.
While the PMI slightly beat expectations for 49.2 in a Reuters poll of analysts, it remained below the 50-point mark that separates contraction from growth for the second straight month, suggesting protracted weakness in the sector.
The survey shows China is struggling to emerge from the sluggish growth seen in the June quarter, with risks darkening the outlook as high inflation and the Ukraine war hit external demand….
The official manufacturing purchasing managers’ index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) said on Wednesday.
While the PMI slightly beat expectations for 49.2 in a Reuters poll of analysts, it remained below the 50-point mark that separates contraction from growth for the second straight month, suggesting protracted weakness in the sector.
The survey shows China is struggling to emerge from the sluggish growth seen in the June quarter, with risks darkening the outlook as high inflation and the Ukraine war hit external demand….
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