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China's Manufacturing Activity Tumbles Into Contraction as Orders Drop

China's Manufacturing Activity Tumbles Into Contraction as Orders Drop

A private gauge of China's manufacturing activity tumbled into contraction in May, despite a de-escalation in trade tensions with the U.S. last month.
The Caixin manufacturing purchasing managers index slid to 48.3 in May from 50.4 in April, according to data released Tuesday by Caixin Media Co. and S&P Global.
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