AI Data Insight
China's August small enterprise manufacturing PMI slightly rebounded to 47.9% from 47.4% in the previous month. Although still below the boom-or-bust line, the decline has narrowed. The overall official manufacturing PMI performed better than expected, driven by the return to expansion in the new orders and production indices. However, the divergence in recovery between large and small-to-medium enterprises highlights the necessity for further policy efforts going forward.