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China's manufacturing Purchasing Managers' Index (PMI) rebounded to 50.5% in August, marking a return to the expansion range. This improvement was driven by enhancements on both the production and demand fronts. According to the National Bureau of Statistics, the uptick in new orders fueled the resumption of production growth, while the contraction rate in new export business showed signs of deceleration. Key contributors to this positive shift included the production index, raw material inventory index, and new order index, all of which recorded increases. Furthermore, the expectations index remained in a high-prosperity range, signaling increased confidence among manufacturing enterprises in the future market. Despite the PMI value still hovering slightly below the expansion-contraction threshold, China's overall economic prosperity continues to expand.
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