FX.co ★ China Composite PMI Falls to 3-Month Low

In July 2025, China's NBS Composite PMI Output Index declined to 50.2, down from 50.7 in June. This reading represents the lowest since April, indicating a slowdown in economic activity as broad U.S. tariffs loom. The service sector experienced its slowest growth in eight months, while the manufacturing sector contracted for the fourth month in a row.