Official Chinese manufacturing PMI climbed to 50.3 in July. This beat expectations for a decline to 49.8, from 50.1 the previous month. Official manufacturing PMI last fell below the contractionary level of 50 in September 2012. The employment index in the official PMI report has been below 50 for 13 straight months, we will be watching the direction of this sub-index closely. Earlier this month China announced that it was for now withholding industry specific data from the PMI report,on account that there isn't enough time to analyze the data. Inve Read more: ... (full story)