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China Factory Growth Stalls In May As Energy Costs Rise

China Factory Growth Stalls In May As Energy Costs Rise

China’s factory activity stalled in May after two months of expansion, official data showed on Sunday, as weaker demand and rising energy costs linked to the Middle East conflict weighed on manufacturing growth. The official manufacturing Purchasing Managers’ Index (PMI) stood at 50.0 in May, according to data released by the National Bureau of Statistics...