Tempest in a Hotpot
Beijing dabbles with stimulus as China's economic downturn simmers
As Typhoon Doksuri turned the streets of Beijing into deadly, raging rivers, China reported that manufacturing activity declined in July for a fourth straight month.
The National Bureau of Statistics' official purchasing managers' index (PMI) for July registered at 49.3, up slightly from 49 in June. Any value below 50 represents a contraction. The PMI fo…