The China General Composite PMI rose to 51.0 in August 2025 from 50.8 in July, the highest level since November 2024. It signaled a third consecutive month of private sector growth, driven by broad-based expansion across manufacturing and services. Total new orders accelerated, while export orders declined at the slowest pace in five months. Stronger demand also led to a renewed rise in backlogs, and business confidence reached a five-month high. However, employment slipped slightly after a marginal increase in July. On the cost side, input prices edged higher for a second month, while output charges continued to fall.