The Chinese government unveiled a large number of fiscal and investment measures on 24 July 2013, to combat slower economic growth as a closely watched survey of manufacturers revealed unexpected weakening. The new measures included exempting small companies - those with monthly sales of less than 20,000 yuan - from value-added and sales taxes and reducing taxes on exports. Keeping the yuan exchange rate stable also seems to be another key measure that will be pushed by the government in the immediate future. Interestingly, at the time of writing, China’s official PMI figure was announced (50.3), showing an up-tick in manufacturing for July.