China’s July non-manufacturing and composite PMIs drop below 50
Question
China’s July non-manufacturing and composite PMIs drop below 50
Direct answer
Broad PMI weakness is negative for China growth proxies and may weigh on CSI 300 and offshore China credit spreads, while supporting demand expectations for further PBOC easing and bull-steepening in CGB yields.
- Original publisher
- Market Ontology
- Evidence through
- 2026-07-31
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “China’s July non-manufacturing and composite PMIs drop below 50”, revision 1, evidence through 2026-07-31. https://marketontology.com/market-events/2026-07-31/china-s-july-non-manufacturing-and-composite-pmis-drop-below-50-8cf344
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What happened next
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Sources
Related
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