Background: China's vast manufacturing sector further cooled last month，as the government reined in credit and held firm in efforts to deter real estate speculation. The official purchasing managers' index, which is a comprehensive gauge of industrial activity, fell to a 17-month low in July. Full story >>
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For more analysis we're joined now by Chen Jiahe, an analyst from Cinda Securities.
Q1: What's behind the manufacturing slowdown?
Q2: Do you think the index will drop further in coming months? The control policies aren't expected to go away.