Chinese industrial production slows down in July

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The Chinese industry grew only slightly in July. This was shown on Monday by figures from Markit Economics.

The industry index fell from 51.3 in June to 50.3 in July. This is the lowest level in 15 months and only indicates growth. This weekend, the Chinese government set its own measurement for the Industrial index at 50.4, compared to 50.9 in June, a growth slowdown that has continued for four months.

An index position greater than 50 indicates growth, while less than 50 means contraction.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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