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1st Sep 2025 12:56China+Daily Monitor

  • China's August PMIs diverged, with RatingDog pointing to a soft recovery from the tariff shock...
  • ...but the weak official manufacturing gauge indicates sluggish domestic demand, though pricing improved.
  • Services activity rose, on the back of stock-market trading and tourism, but construction is on the rocks.

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Keywords for: 2 September 2025 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence