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China's Manufacturing Sector Holds Steady in May

China's manufacturing activity expanded slightly last month, indicating that the world's second-largest economy continues to struggle from weak demand both domestically and abroad. The official Purchasing Manager's Index, or PMI, for May, released Wednesday by the national statistics bureau, stood at 50.1, matching April's reading and falling just a fraction below March's figure of 50.2. The PMI measures activities in China's major factories and...

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