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China's Factory Activity Stalls in May

MT Newswires Live07:20

Factory activity in China was flat in May, with the official purchasing managers' index falling to a neutral 50 from 50.3 in April, according to data from the National Bureau of Statistics on Sunday.

A reading above 50 means growth, while a reading below 50 indicates contraction.

The latest print marked the lowest in three months and came in lower than the 50.2 consensus estimate from Investing.com.

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