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The final reading of Caixin's Purchasing Managers' Index (PMI) came in at 47.8 for the month, the Chinese media group said in a joint statement with Markit, a financial information services provider that compiled the survey. "July data signalled that the downturn in China's manufacturing sector intensified at the start of the third quarter," Caixin and Markit said in the release. The result came after China announced on Saturday that its official PMI slowed further in July, decelerating to 50.0 from 50.2 in June according to the National Bureau of Statistics.
By Jeremy Gaunt ATHENS (Reuters) - Greece will take another step away from full-on crisis mode on Monday by opening its stock market for the first time in five weeks, although immediate heavy losses are expected. Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened to collapse Greece's banks and hurl the indebted country out of the euro zone. Since then, Athens has agreed a framework bailout plan with its European Union partners in exchange for stringent reforms and budget austerity.