In July, the manufacturing purchasing managers' index was 49.2%, down 1.1 percentage points from the previous month, indicating that domestic demand still needs to be further stabilized. At the same time, structural highlights also continue to emerge. Wang Qing, chief macro analyst at Dongfang Jincheng, said that the July PMI data for high-tech manufacturing and equipment manufacturing were 53.3% and 51.4%, respectively, and both are in the expansion range. It shows that supply and demand for high-tech products are strong, and the transformation and upgrading of the domestic manufacturing industry continues to increase.

In July, the manufacturing purchasing managers' index was 49.2%, down 1.1 percentage points from the previous month, indicating that domestic demand still needs to be further stabilized. At the same time, structural highlights also continue to emerge. Wang Qing, chief macro analyst at Dongfang Jincheng, said that the July PMI data for high-tech manufacturing and equipment manufacturing were 53.3% and 51.4%, respectively, and both are in the expansion range. It shows that supply and demand for high-tech products are strong, and the transformation and upgrading of the domestic manufacturing industry continues to increase.