China’s official July manufacturing PMI falls back into contraction
Question
China’s official July manufacturing PMI falls back into contraction
Direct answer
The weaker PMI adds downside pressure to Chinese growth expectations and is negative for CNH and China-sensitive commodities like copper, while weighing on China-exposed equities such as FXI.
- Original publisher
- Market Ontology
- Evidence through
- 2026-07-31
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “China’s official July manufacturing PMI falls back into contraction”, revision 1, evidence through 2026-07-31. https://marketontology.com/market-events/2026-07-31/china-s-official-july-manufacturing-pmi-falls-back-into-contraction-8773ce
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| FXI | Watch | 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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