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China's manufacturing PMI hits 50 in May
The Manufacturing Purchasing Managers' Index (PMI) for China's industrial sector reached 50 in May, indicating continued expansion in the sector despite a slowdown in market demand. The production index stood at 51.2, while the new orders index was 49.9, and the high-tech and equipment manufacturing sectors experienced healthy growth rates, with their indices remaining at 52.9 and 52.1, respectively. The growth momentum persisted in some key industries, with major companies remaining in expansion since the beginning of the year.
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