TOKYO -- China's manufacturing activity shrank for a fourth consecutive month in July, dragged down by a decline in new orders, including for exports, even after trade tensions with the U.S. eased.
Economy
China factory activity misses forecast despite US trade truce
PMI contracts for fourth straight month as export order index dips
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Workers make tank containers at a factory in Nantong, Jiangsu province, China, in April. July's disappointing purchasing manager's index casts a new shadow on the country's full-year "around 5%" economic growth target. (cnsphoto via Reuters)
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