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China Manufacturing Slowdown Boosts Chances of Stimulus

China led a slowdown in manufacturing across Asia that adds to risks for the global economy as Europe’s sovereign-debt crisis roils markets and drags down confidence.

The Purchasing Managers’ Index fell to 50.4 in May from 53.3 in April, China’s statistics bureau and logistics federation said today in Beijing. A second gauge for China also declined, along with measures for India, South Korea and Taiwan.