16 Days
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الاقتصادية
الاقتصادية
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Factory activity in China slowed down in May, with the official manufacturing purchasing managers' index (PMI) falling to 50 points from 50.3 in April, reflecting an economic slowdown after a strong first quarter. Meanwhile, the non-manufacturing activity index rose to 50.1 points. Despite China posting a record trade surplus of $1.2 trillion last year, the yuan continues to exert pressure on Chinese exports, driven by increased demand for artificial intelligence products and higher export prices. Additionally, the central bank announced a cut in interest rates and took measures to stimulate spending and investment to support economic growth.
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