Economics
Chinese Factory Gauge Remains Sluggish on Economic Slowdown
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A gauge of Chinese manufacturing remained sluggish, underscoring the tepid response to government efforts to cushion a slowdown in the world’s second-largest economy.
The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 49.1 for May, missing the median estimate of 49.3 in a Bloomberg survey. Numbers below 50 indicate contraction.