According to CoinMeta, China's private manufacturing sector PMI rose to 51.5 in August, exceeding the market expectation of 51.0, marking the ninth consecutive month above the 50 expansion range and creating the longest growth cycle in five years. This data provides support for the Australian dollar, indicating strong external demand for Chinese manufacturing, especially in the export growth of consumer goods. Meanwhile, Australia's second-quarter GDP data shows that net exports contributed 0.1 percentage points to economic growth, with government demand and inventory contributing 0.33 percentage points each, further supporting the growth prospects of the Australian economy.