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Vincent Lee+ Your Authors @Rover829 Some Dude With Blue Checkmark, sharing news by Reuters colleagues; opinions are mine, especially hate towards James Harden. Byline name: Se Young Lee Jul. 31, 2020 1 min read + Your Authors

BEIJING, July 31 (Reuters) - China's factories stepped up activity in July for a fifth straight month as improving prospects for electrical and pharmaceutical goods helped sustain a broader recovery from earlier coronavirus shutdowns.

 https://www.reuters.com/article/us-china-economy-pmi/chinas-factories-accelerate-recovery-in-july-as-demand-perks-up-idUSKCN24W04U 

Reuters: The government's manufacturing Purchasing Manager’s Index (PMI), released on Friday, unexpectedly rose to 51.1 in July from June's 50.9. That was the highest reading since March and dashed analyst expectations for a fall to 50.7.

Reuters: "The current rapid pace of recovery is likely to slow in the coming months as the initial boost from re-opening businesses fades," said Julian Evans-Pritchard, of Capital Economics.

Reuters: "The prop to exports from shipments of goods linked to the pandemic (masks, medical products and work-from-home equipment) is also likely to diminish."


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