<p fr-original-style="" style="margin-top: 0px; margin-bottom: 1em; box-sizing: border-box;">• <a fr-original-style="" href="https://www.reuters.com/world/china/chinas-august-factory-activity-contracts-second-month-official-pmi-2022-08-31/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank"><strong fr-original-style="" style="font-weight: 700; box-sizing: border-box;">China's factory activity</strong></a> contracted for the second straight month as COVID lockdowns, power rationing due to heatwaves, and a struggling property sector pressured manufacturers. The official manufacturing Purchasing Managers' Index (PMI) edged up from 49.0 in July to 49.4 in August, exceeding analyst expectations of 49.2. The 50-point mark separates contraction from growth on a monthly basis.</p>

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