China’s Economy Slowing: PMI Drops To 49.2
Anything below 50 indicates an economy in contraction. From the South China Morning Post: China’s factory activity shrank for the first time in seven months in May as both domestic and external demand softened, while growth in the services sector cooled, pointing to slowing momentum in the world’s second-largest economy. The HSBC/Markit Purchasing Managers’ Index…
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