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China's manufacturing PMI down in July

Xinhua | Updated: 2022-07-31 11:48

Staff members work at a semiconductor device production line in Shenyang, Northeast China's Liaoning province, on June 23, 2022. [Photo/VCG]

BEIJING - The purchasing managers' index (PMI) for China's manufacturing sector came in at 49 in July, down from 50.2 in June, data from the National Bureau of Statistics showed Sunday.

A reading above 50 indicates expansion, while a reading below reflects contraction.

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