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Sigh of Relief? China PMI Data Signals Stability

The Wall Street Journal
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May 22, 2014 AT 1:24 AM
China’s initial HSBC manufacturing purchasing managers index for May came in at 49.7—still on the contraction side but up sharply from April’s 48.1. Julian Evans-Pritchard of Capital Economists tells the WSJ's Ramy Inocencio why the government is content with a moderate slowdown.