Foreign media says China's July PMI fall to 17-month low

July 27 Afternoon news media reported that China's official PMI in July fell to a 17-month low, economic growth has continued to worry about the decline. Reuters reported that the median forecast for Reuters was 51.1, the lowest since February 2009 and the estimated range for 11 respondents was 50.0 to 51.7.　　China's July PMI is likely to fall to a 17-month low, as policies to curb overheating in the credit and property markets continue to weigh on manufacturing. Economists will pay particular attention to the partial index of new orders and inventories of manufactured goods.　　If the former declines in the July data and the latter goes up, it will show a massive build-up of inventories and potential production cuts in future factories. For the market, the PMI will remain above the 50 watershed. But the seasonally adjusted index does not fully indicate that it is not impossible for the data to fall below the watershed.　　If this is to shake the market, China's economic growth this year may account for One-third of the world. The official PMI for June was 52.1, less than 53.9 and 55.7 in May and April. (Super Yan)