China continues to witness a slowdown in the growth of its economic activity, where over the weekend official data showed the manufacturing sector was not expected to show a contraction in July.
China's official manufacturing data slipped to 49.0 from 50.2 last month, affected by several Covid-19 control measures that affected the recovery.
Readings above 50 indicate expansion from the previous month, while numbers below 50 indicate contraction.
China's economic recovery remains fragile even though the government has eased restrictions, but the zero-Covid policy has led them to implement lockdown measures in affected areas.
Meanwhile, Caixin survey data showed the slowest expansion in China's manufacturing activity due to reduced growth in output, new orders and employment.
China's main manufacturing hub Shanghai saw a strong recovery in June, but the recovery has begun to fade amid a new wave of outbreaks and weak domestic and global demand.
This reading turned out to be better than that recorded in the data released over the weekend.
China's policymakers have insisted they will maintain a zero-Covid policy and admit they may not be able to meet its growth targets.
