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المشهد العربي
Chinese manufacturers face second straight month of contraction
Factory activity in China continued to contract for the second month, with the Manufacturing Purchasing Managers' Index (PMI) reaching 49.8 points, below the 50-point threshold that indicates expansion. This decline was influenced by the construction sector due to heavy rainfall, as well as the impact of the wholesale trade and financial services sectors on economic performance. Despite a slight improvement in the index, economic growth remains weak, putting pressure on Beijing to support the declining economy.
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