China July official PMI expected to hit 51.4

China’s manufacturing sector activity likely expanded at the fastest pace in eight months in July, Reuters reported. China’s official manufacturing purchasing managers’ index is expected to rise to 51.4 in July, up from June’s 51, according to the median forecast of 24 economists in a poll. “With the effect of mini-stimulus measures gradually filtering through, the PMI data could pick up further in the coming months, supported by reviving domestic production and improving exports,” said Wen Bin, economist at Minsheng Bank in Beijing.