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China's factory activity contracts for fifth month, PMI at 49.4, amid economic challenges.
China's factory activity has contracted for the fifth straight month in August, with the official Purchasing Managers' Index (PMI) at 49.4, slightly up from 49.3 in July.
The PMI remains below the 50 threshold, indicating ongoing contraction.
Despite a truce in trade tensions with the US, China faces challenges, including a property sector downturn, low consumption, and high youth unemployment, hampering economic recovery.
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La actividad de las fábricas de China se contrae por quinto mes, con un PMI de 49.4, en medio de desafíos económicos.