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China official PMI in May falls to 50.4
By Ye Zhen |
June 1, 2012, Friday
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Online Edition
Online Edition
CHINA'S official Purchasing Managers' Index, a gauge of manufacturing activity slanted more towards state-owned firms, dropped to 50.4 in May, compared with 53.5 in April, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing. A reading of 50 or higher generally indicates that activity is expanding.
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