AI Data Insight
China's "Non-Manufacturing Business Activity Expectation" for August 2026 (Q3 2026) dropped to 55.0, a slight decline from the previous 55.4, but remained firmly above the boom-bust line. The overall Non-Manufacturing PMI remained flat at 49.0, falling short of market expectations. Constrained by bottoming new orders and extreme weather disruptions, the momentum of domestic demand recovery remains weak, highly depending on the implementation of fiscal stimulus going forward.