China's Manufacturing PMI Improves in August, Signaling Economic Rebound Driven by Export Demand

China's manufacturing Purchasing Managers' Index (PMI) rose to 49.8 in August, an increase of 0.6 percentage points from July, according to the National Bureau of Statistics. The composite PMI output index also improved to 49.5 from 49.3. Key sub-indexes, including production, new orders, and new export orders, all returned to expansion, indicating an improvement in the world's second-largest economy, largely attributed to strong export demand.