China Factory Activity Likely Stalls in July Amid Weak Demand

China’s factories might slow down in July because people aren’t buying as much inside the country.

Even though China is still selling a lot of goods to other countries, especially high‑tech items, the money people have to spend at home is low.

The country’s overall economy grew very slowly in the second quarter of 2024 because people didn’t buy many things and businesses didn’t invest much.

China’s central bank has asked banks to lend more money to help the economy.

Experts think the government will focus on building roads and other projects instead of giving big tax cuts or new money to the public.