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China's Manufacturing Index Inches Lower In July

Capital Market/ 10:47 , Aug 01, 2012

China's official manufacturing Purchasing Managers' Index fell in July to 50.1, inching down from 50.2 the previous month, data reported Wednesday showed. The result from the China Federation of Logistics & Purchasing was just barely above the 50 level that divides expansion from contraction. A preliminary flash reading of HSBC's PMI released in late July showed a rise to 49.5, up from June's 48.2.

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