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China's May factory activity returns to growth but demand remains weak-Caixin PM…

Jun 01, 2020 - Nasdaq

BEIJING, June 1 (Reuters) - China's factory activity unexpectedly returned to growth in May as strict measures to contain the coronavirus outbreak were eased, but the improvement was marginal as export orders continued to shrink, a private business survey showed on Monday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.7 last month, from April’s contractionary 49.4. The 50-mark separates growth from contraction on a monthly basis. Analysts polled by Reuters had ...