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China’s manufacturing activities contracted for first time since July 2016


China's manufacturing activity contracted for the first time since July 2016, the latest sign of a slowdown in the the world's second largest economy amid trade tensions with the United States.

The manufacturing purchasing managers' index (PMI) came in at 49.4, shows data released by the National Bureau of Statistic on Monday. That's compared to a reading of 50 in the previous month and lower than 50 expected by analysts.

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