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commerce
shāng yè
商业
·HSK 3

China
Zhōngguó
中国
in July / for July
qīyuèfèn
七月份
manufacturing sector
zhìzàoyè
制造业
PMI (Purchasing Managers Index)
PMI
PMI
to drop to / fall to
diè zhì
跌至
49.2 (contraction territory)
49.2
49.2
five months
wǔ gè yuè
五个月
within the past period / since
lái
for the first time
shǒucì
首次
to contract / to shrink
wěisuō
萎缩

China
Zhōngguó
中国
National Bureau of Statistics
guójiā tǒngjìjú
国家统计局
to announce / to release
gōngbù
公布
in July
qīyuèfèn
七月份
official / government-issued
guānfāng
官方
manufacturing sector
zhìzàoyè
制造业
Purchasing Managers Index (PMI)
cǎigòu jīnglǐrén zhǐshù
采购经理人指数
from
cóng
50.3 (June reading, expansion territory)
50.3
50.3
to drop to
jiàng zhì
降至
49.2 (below the 50 expansion threshold)
49.2
49.2
marking result or status
wéi
five months
wǔ gè yuè
五个月
since / within the past period
lái
for the first time
shǒucì
首次
contraction / to contract
wěisuō
萎缩
new orders
xīn dìngdān
新订单
to decrease / to decline
jiǎnshǎo
减少
and
typhoon
táifēng
台风
impact / disruption
yǐngxiǎng
影响
to be considered as / regarded as
bèi rènwéi
被认为
to be
shì
main / primary
zhǔyào
主要
reason / cause
yuányīn
原因

August 1, 2026 at 2:00 AM

China
Zhōngguó
中国
in July / for July
qīyuèfèn
七月份
manufacturing sector
zhìzàoyè
制造业
activity
huódòng
活动
unexpectedly / by surprise
yìwài
意外
to contract / to shrink
wěisuō
萎缩
official / government-issued
guānfāng
官方
PMI (Purchasing Managers Index)
PMI
PMI
from
cóng
June
liùyuè
六月
structural particle
de
50.3 (June reading, expansion territory)
50.3
50.3
to drop to
jiàng zhì
降至
49.2 (contraction territory)
49.2
49.2
lower than / below
dīyú
低于
50 (expansion-contraction threshold)
50
50
structural particle
de
expansion
kuòzhāng
扩张
baseline / threshold
jīzhǔnxiàn
基准线
this
zhè
to be
shì
five months
wǔ gè yuè
五个月
since / within the past period
lái
structural particle
de
the first time
dì yī cì
第一次
contraction
wěisuō
萎缩
new orders
xīn dìngdān
新订单
sub-index
fēnxiàng
分项
index
zhǐshù
指数
to drop to / fall to
diè zhì
跌至
48.5 (lowest since 2023)
48.5
48.5
to be
shì
the year 2023
2023 nián
2023年
since
yǐlái
以来
structural particle
de
lowest
zuìdī
最低
level
shuǐpíng
水平
National Bureau of Statistics
guójiā tǒngjìjú
国家统计局
to state / to indicate
biǎoshì
表示
typhoon
táifēng
台风
to cause / to lead to
dǎozhì
导致
coastal
yánhǎi
沿海
region / area
dìqū
地区
some / part of
bùfèn
部分
factories
gōngchǎng
工厂
to halt production / work stoppage
tínggōng
停工
high-technology
gāokējì
高科技
manufacturing sector
zhìzàoyè
制造业
structural particle
de
PMI (Purchasing Managers Index)
PMI
PMI
still / yet
réng
to remain at / to hold at
bǎochí zài
保持在
53.3 (well above expansion threshold)
53.3
53.3
higher than / above
gāoyú
高于
overall
zhěngtǐ
整体
level
shuǐpíng
水平
analysts
fēnxī rénshì
分析人士
to say / said
shuō
domestic
guónèi
国内
demand
xūqiú
需求
insufficient / inadequate
bùzú
不足
still
réng
to be
shì
China
Zhōngguó
中国
economy
jīngjì
经济
structural particle
de
main / primary
zhǔyào
主要
problem / issue
wèntí
问题

News in English

Business

China Manufacturing PMI Falls to 49.2 in July, First Contraction in Five Months

China National Bureau of Statistics announced the official manufacturing PMI fell to 49.2 in July from 50.3 in June, the first contraction in five months, with weaker new orders and typhoon disruptions cited as key reasons.

More in Business

Amazon (company)
Yǎmǎxùn
亚马逊
to receive / to get
shōudào
收到
$600 million
6 yì měiyuán
6亿美元
tax refund / tariff refund
tuìshuì
退税
will (future marker)
jiāng
a portion / part
bùfèn
部分
to return / to refund
fǎnhuán
返还
to / for
gěi
customers
gùkè
顾客

Amazon Receives 600 Million Dollars in Tariff Refunds and Will Return Some to Customers

Bank of England
Yīnggélán yínháng
英格兰银行
by / with
six votes to three
liù bǐ sān piào
六比三票
to maintain / to keep
wéichí
维持
base interest rate / benchmark rate
jīzhǔn lìlǜ
基准利率
3.75 percent
3.75%
3.75%
unchanged / constant
búbiàn
不变

Bank of England Holds Rate at 3.75% as Monetary Policy Committee Votes 6-3

the United States
Měiguó
美国
second quarter / Q2
dì èr jìdù
第二季度
GDP (gross domestic product)
GDP
GDP
to grow / growth
zēngzhǎng
增长
1.5 percent
1.5%
1.5%
lower than / below
dīyú
低于
market
shìchǎng
市场
expectations / forecast
yùqī
预期

US Economy Grows 1.5% in Second Quarter, Below Market Expectations

Trump (US President)
Tèlǎngpǔ
特朗普
on / against
duì
most / the majority of
dà duōshù
大多数
Canada
Jiānádà
加拿大
goods / commodities
shāngpǐn
商品
to impose (taxes/tariffs)
zhēngshōu
征收
50 percent
50%
50%
tariff / customs duty
guānshuì
关税

Trump Imposes 50% Tariffs on Most Goods From Canada