Equipment and high‑tech sectors keep PMI above 50 in July

Beijing – Despite the overall manufacturing PMI slipping below the growth line, sub‑indices for equipment manufacturing and high‑technology production continued to expand. The equipment sector posted a PMI of 51.4, while high‑tech manufacturing climbed to 53.3, well above the 50 benchmark.

These segments helped cushion the broader decline and suggest that innovation‑driven industries are still gaining momentum.