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China’s factory activity back to contraction again

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China’s factory activity slipped into contractionary territory in May after a rebound earlier this year, adding pressure on the world's second largest economy to roll out more stimulus to reinvigorate weakening economy hit by slowing domestic demand and the ongoing trade war with the US.

The official Purchasing Managers’ Index (PMI) fell to 49.4 in May from 50.1 in the previous month, showed data from National Bureau of Statistics, below the 50-point mark separates expansion . . .

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