{
  "id": 65431,
  "title": "China’s RatingDog Manufacturing PMI declines to 50.9 in July",
  "url": "https://urgent.news/2026/08/03/chinas-ratingdog-manufacturing-pmi-declines-to-50-9-in-july",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T01:46:11.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/chinas-ratingdog-manufacturing-pmi-declines-to-509-in-july-202608030146"
  },
  "original_language": "en",
  "account": "China's RatingDog Manufacturing Purchasing Managers' Index (PMI) dropped to 50.9 in July, a decline from 51.7 in June according to the most recent data shared by RatingDog on Monday. This figure fell short of the anticipated 51.5 reading. The China proxy for the Australian Dollar (AUD) is not significantly influenced by the PMI data. As of the latest update, the AUD/USD pair has risen by 0.18% and is currently trading at 0.7035. The Reserve Bank of Australia (RBA) plays a pivotal role in determining the Australian Dollar's value, primarily by adjusting interest rates to maintain a stable inflation rate of 2-3%. Other factors that affect the Australian Dollar include China's economic health, iron ore prices, trade balance, market sentiment, inflation, and the Trade Balance. Australia's export-driven economy, with iron ore as its primary export, is closely tied to China's economic performance. Positive Chinese economic growth boosts demand for Australian raw materials and goods, strengthening the AUD, while negative growth impacts weaken it.",
  "summary": "China's RatingDog Manufacturing Purchasing Managers' Index (PMI) declined to 50.9 in July from 51.7 in June, according to RatingDog. This was below the market forecast of 51.5.\n\nThe Chinese electric vehicle (EV) sector experienced weak sales in July, with Xpeng, Nio, and Li Auto reporting month-on-month sales declines. Xpeng delivered 38,027 vehicles, down 5.2% from June, while Nio's deliveries fell 11.5% to 35,934, and Li Auto's sales dropped 1.4% to 30,468.\n\nOther major Chinese EV players, including BYD and Geely, saw sales increases from June but still reported lower deliveries compared to the same period last year. BYD's domestic sales rose 4.9% to 239,370 units, but were down 9% from July 2025, and Geely's deliveries increased 4% to 143,498 but were down 29.1% from the previous year, according to the South China Morning Post.",
  "key_points": [
    "China's RatingDog Manufacturing PMI declines to 50.9 in July",
    "PMI fell short of anticipated 51.5 reading",
    "AUD/USD pair rises by 0.18% to 0.7035"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Indonesian Rupiah holds gains as manufacturing PMI expands in July",
        "url": "https://urgent.news/2026/08/03/indonesian-rupiah-holds-gains-as-manufacturing-pmi-expands-in-july",
        "published": "2026-08-03T05:48:20.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "US manufacturing activity jumps to more than four-year high in July",
        "url": "https://urgent.news/2026/08/03/us-manufacturing-activity-jumps-to-more-than-four-year-high-in-july",
        "published": "2026-08-03T15:05:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}