China’s factory activity shrank at slower pace in May as Covid curbs ease, shows private survey

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China's factory activity shrank at a slower pace in May as COVID-19 curbs eased and some production resumed, a private sector survey showed on Wednesday, improving from a 26-month low in April.

The Caixin Manufacturing Purchasing Managers' Index (PMI) rose to 48.1 in May from 46.0 in April, thanks to the improvement of industrial and supply chains, which led to a rebound in the manufacturing sector. The 50-point index . . .

 

 

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