China's Manufacturing Slump Casts Shadow on Regional Economies

Factory activity in China contracts for the third consecutive month, impacting economic recovery across Asia.

China's official manufacturing PMI fell to 49.4 in July, indicating contraction.
Extreme weather and weak domestic demand are key factors behind the slowdown.
South Korea and Japan also report sluggish manufacturing performance.
China's government introduces measures to boost consumption and investment.
Analysts predict continued challenges for China's economic growth in the coming months.