AI Data Insight
In July 2026, China's Emerging Industries Purchasing Managers' Index (EPMI) import index dropped to 40.1, a further decline from the previous value of 41.0, remaining deeply entrenched in the contraction zone. This change is primarily due to July facing the traditional production off-season and a "gap period" in orders, coupled with overall weak domestic demand dragging down corporate purchasing willingness. Looking ahead, as new autumn electronic and new energy products begin production scheduling, medium-term restocking momentum is expected to recover, but downward risks from geopolitics and sluggish domestic demand still need to be monitored.