China National Bureau of Statistics reports July manufacturing and services PMIs falling below 50
Question
China National Bureau of Statistics reports July manufacturing and services PMIs falling below 50
Direct answer
The weaker-than-expected PMIs pressure CNH and CNY lower against USD (USD/CNH, USD/CNY), weigh on China-sensitive equities such as FXI and HSCEI, and support defensive flows into USDCNH options and industrial commodity hedges.
- Original publisher
- Market Ontology
- Evidence through
- 2026-07-31
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “China National Bureau of Statistics reports July manufacturing and services PMIs falling below 50”, revision 1, evidence through 2026-07-31. https://marketontology.com/market-events/2026-07-31/china-national-bureau-of-statistics-reports-july-manufacturing-and-services-pmis-e1cdf7
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| FXI | Mixed | 36.50 2026-07-31 | -0.11% | -0.90% | -2.71% |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
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