BEIJING, Aug. 1 (Xinhuanet) -- China's manufacturing sector expanded at its slowest pace in eight months. The country's Purchasing Manager's Index stands at 50.1 percent in July, down 0.1 percentage points from June.
Wednesday's official figures show factory output is expanding, but that new orders, including new export orders, contracted in July more than in June. Production index was 51.8 percent, down by 0.2 points by the last month, the lowest since December of 2011.
The China Federation of Logistics and Purchasing, which compiles the data, says the data suggests the economy is bottoming out and will continue to stabilize in the coming months.