Economics
China Manufacturing Gauge Rises to Five-Month High
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China’s manufacturing expanded at the fastest pace in five months, in a sign the government’s measures to counter an economic slowdown are gaining traction.
The Purchasing Managers’ Index rose to 50.8 in May, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday in Beijing, compared with the 50.7 median estimate of analysts surveyed by Bloomberg News. April’s reading was 50.4, with numbers above 50 indicating expansion.