China's factory activity extends declines, firming case for stimulus
China's manufacturing activity fell for a fourth straight month in July, albeit at a slower pace, an official factory survey showed on Monday, reinforcing the need for further policy support to boost domestic demand.
China will implement macro adjustments to the economy "in a precise and forceful manner" and strengthen counter-cyclical adjustments, as the government sticks with prudent monetary policy and pro-active fiscal policy. Image Source: Reuters