Economy · World
China's Manufacturing Sector Shows Contraction for Second Consecutive Month
China's official manufacturing purchasing managers' index (PMI) registered 49.8 in the latest reporting period. This figure indicates a contraction in the manufacturing sector, as it remains below the 50-point threshold that distinguishes growth from contraction. This marks the second consecutive month the index has fallen below this critical level, signaling ongoing challenges for the domestic economy despite a rebound in factory activity.
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- Centre (6): Associated Press, Reuters, The Economic Times, The Financial Express, The Hindu BusinessLine, The Statesman