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China PMI slips into negative for first time in 5 months

In the Caixin index, factory output and new orders both fell month-on-month, while the business confidence index dropped to its lowest in seven years.


CHINA'S manufacturing sector shrank in June - with two major sets of manufacturing data underperforming on weak international and domestic demand as the trade war with the US enters its second year.

The Caixin Purchasing Manufacturers' Index fell to 49.4 in June from 50.2...