The survey received answers to 2,258 questionnaires from various types of banks. The survey was conducted in 31 provinces, autonomous regions and municipalities as well as the Hong Kong Special Administrative Region.
The sub-index for inventory dropped from 55.3 percent in April to 50.3 percent in May, the statement added.
The team leader Li Gang said that it was the first time that drones were used to take photos of the whole Qinzhidao. There were some photos taken from planes and satellites, but they were not clear enough.
The super-fast speed is thanks to China's efforts to offer fast-track approval process for innovative industries, so as to attract more companies to list their shares in the Chinese mainland. Foxconn is among the first batch of companies to enjoy the favorable policy.
The structural upgrade of the manufacturing sector continued. High-tech and equipment manufacturing led the activity expansion in July, with their sub-indices standing higher than the overall sector's PMI.
The strong demand for talents in the artificial intelligence industry has led to a short supply of such professionals, and Yunzhou has been enhancing its cooperation with universities to foster such talents.
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The study classifies those earning between 100,000 yuan (,592) and 500,000 yuan as middle class.
The tariff cut for imported autos is a boost for multilateralism. "China safeguards a multilateral trade system. Lowering auto import tariffs is a major step to expanding reform and opening-up," Wang said.
The surging orders mainly came from the Middle East, West Asia and Europe. In the Middle East, the number of export destination countries has increased from three before the COVID-19 epidemic to 11 now.
The study surveyed 221 Chinese companies across nine sectors, with the automotive segment seeing the most champions among the industries being studied.