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Chinese July manufacturing slows more than in last 15 months
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Posttime:2021-08-04
CHINA's manufacturing sector expanded at its slowest pace in 15 months in July as output growth fell and new orders declined, a Caixin survey showed.
The Caixin China General Manufacturing Purchasing Managers' Index (PMI), which gives an independent snapshot of the country's manufacturing sector, slipped to 50.3 from 51.3 the previous month. A number above 50 signals an expansion in activity, while a reading below that indicates a contraction.
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