Investing.com - The Caixin manufacturing PMI came in at 51.1 on Tuesday, a better than expected figure that the 50.4 seen and aiding markets higher.
On Monday. the CFLP manufacturing PMI reached 51.4, a trade below expected, but still in expansion, while a 54.5 for the services PMI also was seen as steady. Any level above 50 denotes expansion.
"Operating conditions in the manufacturing sector improved further in July, suggesting the economy's growth momentum will be sustained," Zhengsheng Zhong, an economist at CEBM Group, said in a statement accompanying Tuesday's release. "That said, it's unlikely that financial regulatory tightening will be relaxed."