China’s manufacturing, services activities contracted for third consecutive month in May, but at slower pace as Covid-19 curbs eased

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China's factory activity contracted at a slower pace in May, pointing to recovery in manufacturing production and demand as COVID-19 curbs eased.

The manufacturing purchasing managers' index (PMI) rose to 49.6 in May from 47.4 in the previous month, according to data released by the National Bureau of Statistics (NBS) on Tuesday.

The figure remained below the 50 . . .

 

 

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