China Manufacturing PMI Slips to 77-Month Low in August (MCHI) (GXC) (FXI)

Flash China General Manufacturing PMI. at 47.1 in August (47.8 in July). 77-month low.

Flash China General Manufacturing Output Index at 46.6 in August (47.1 in July). 45-month low.

Commenting on the Flash China General Manufacturing PMI data, Dr. He Fan, Chief Economist at Caixin Insight Group said: “The Caixin Flash China General Manufacturing PMI for August has fallen further from July’s two-year low, indicating that the economy is still in the process of bottoming out. But overall, the likelihood of a systemic risk remains under control and the structure of the economy is still improving. There is still pressure on the front of maintaining growth rates, and to realize the goal set for this year the government needs to fine tune fiscal and monetary policies to ensure macroeconomic stability and speed up the structural reform. This will lead the market to confidence and renew the vigor of the economy.”

iShares China Large-Cap (NYSE: FXI), SPDR S&P China ETF (NYSE: GXC), and iShares MSCI China ETF (NYSE: MCHI)

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