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China May factory growth surpasses expectations, official PMI shows

from CNBC

China reported last week that factory activity grew more than expected in May, with the official manufacturing Purchasing Managers' Index (PMI) coming in at 51.9 — the highest level since October 2017. The Chinese manufacturing PMI was forecast to dip to 51.3 in May from 51.4 in April, according to a poll of economists by Reuters. more


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