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PMI points to economy stabilising but no rebound in sight yet
Published Wed, Jun 1, 2016 · 09:50 PM
Beijing
CHINA'S purchasing managers' index (PMI) in May point to stabilisation of the economy, but not a rebound, as recent stimulus measures are being felt on the ground, but global demand remains weak.
The official PMI, which tracks activities in the country's factories and workshops, expanded for a third straight month and came in at 50.1.
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