Core Insights - The manufacturing Purchasing Managers' Index (PMI) for July 2025 in China is reported at 49.3%, a decrease of 0.4 percentage points from the previous month [1] - The raw material purchasing price index for the manufacturing sector in July is 51.5%, which is an increase of 3.1 percentage points compared to the previous month [1] Industry Analysis - The increase in the raw material purchasing price index is primarily driven by the basic raw materials sector, which saw its purchasing price index rise over 7 percentage points to 52% [1] - The ex-factory price index for the basic raw materials sector also increased by more than 5 percentage points, approaching 49%, indicating a stabilization in product prices due to rising commodity prices [1] Company Size Insights - In July, the PMI for large enterprises is recorded at 50.3%, a decline of 0.9 percentage points, but still remains in the expansion zone [1] - The PMI for medium-sized enterprises is at 49.5%, reflecting an increase of 0.9 percentage points from the previous month [1]