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Moderating PMI reinforces calls to shore up demand
China's factory activity moderated slightly in May, with the official purchasing managers' index holding at the determining point between contraction and expansion after two straight months of growth, reinforcing analysts' calls for more targeted policy support to shore up domestic demand and sustain growth momentum.
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cryptobriefing.com
China's factory activity likely remains flat in May as domestic demand drags
Reuters poll forecasts China's May manufacturing PMI at 50, down from April's 50.3, as weak domestic demand and rising costs pressure Beijing to act.
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global.chinadaily.com.cn
China's manufacturing PMI at 50 in May
The purchasing managers' index (PMI) for China's manufacturing sector stood at 50 in May, down 0.3 percentage points from the previous month, official data showed Sunday.
