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China's May PMIs point to peak of recent growth

Official PMI at 51.2 beats analyst estimates; private survey falls to 11-month low of 49.6

China's central bank has sent signals that generous credit conditions are over for now. This has showed up in several recent data, including car sales and real estate transactions.


CHINA'S manufacturing indexes for May show that the economic rebound of the past six months may have peaked, as one index grows and another falls to an 11-month low.

While the official Purchasing Managers' Index (PMI) was at 51.2 last month, unchanged from April and above...

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