China's Manufacturing Sector Contracts for Fourth Consecutive Month

August sees PMI fall to 49.1 as economic challenges persist, prompting calls for increased consumer stimulus.

Manufacturing PMI fell to 49.1 in August, down from 49.4 in July.
High-tech and equipment manufacturing sectors showed growth, exceeding the 50 mark.
Factory gate prices hit a 14-month low, reflecting weak domestic demand.
Non-manufacturing PMI slightly improved to 50.3, indicating marginal growth in services and construction.
Analysts suggest more supportive fiscal policies are necessary to stabilize the economy.