Manufacturing indexes confirm China's economic slowdown

06/30/2013 | Bloomberg · Market News International

Two benchmarks for China's manufacturing sector suggest government efforts to cool real estate prices and financial speculation are slowing the economy. The official manufacturing purchasing managers' index fell to 50.1 in June, from 50.8 in May; any reading above 50 indicates expansion. The comparable manufacturing index run by HSBC Holdings and Markit Economics dropped to 48.2, its lowest reading since September.

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Bloomberg · Market News International

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