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China's PMI falls from 27-month high in Aug

Shallow recovery may be starting to lose momentum; risks remain in property sector

Structural problems: A breakdown of the official PMI figures shows that weakness in output, new order components and employment sectors were largely responsible for the drop. - PHOTO: REUTERS

CHINA'S official Purchasing Managers' Index (PMI) which tracks sentiment in the manufacturing sector fell from a 27-month high in August, pointing to continued weakness in the economy, mainly in the property sector. The reading came in at 51.1 points, according to a statement published by the