China Manufacturing Sinks Again In July As US Trade Talks Stall

China’s factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States.

The Purchasing Managers’ Index — a key measure of industrial output — came in at 49.3, the National Bureau of Statistics (NBS) said, down from 49.7 in June and significantly off the…