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CHINA WATCH

PMI points to economy stabilising but no rebound in sight yet

Thursday, June 2, 2016 - 05:50

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