China's Factory Activity Contraction Eases After Trade War Truce
China's factory activity contracted at a slower rate in May after a reprieve in the tariff war with the US unclogged trade flows, even as weak domestic demand continues to weigh on the economy.
The official manufacturing purchasing managers' index was 49.5, versus 49 in April, the National Bureau of Statistics said Saturday. That matched the median estimate of economists surveyed by Bloomberg. A reading below 50 indicates contraction.
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