AI Data Insight
China's latest Q3 2026 (2026-07-01) PMI year-over-year growth rate dropped to -0.20%, showing a recessionary trend by turning negative from the previous value of 1.21%. Although high-tech and equipment manufacturing maintained expansion benefiting from external demand, overall weak domestic demand and climate factors have posed severe challenges to manufacturing momentum. The market is paying close attention to the implementation strength of subsequent policy stimulus.