#Folow ME My CHANEL# China’s manufacturing sector shrinks in August
1 year ago
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China’s manufacturing sector has shrunk for the fifth consecutive month, an official survey showed.
The country’s manufacturing purchasing managers’ index rose slightly to 49.7, but still sits below 50, which signals a contraction.
Despite a turbulent few months, China's leader Xi Jinping defended the "strong resilience, tremendous potential and great vitality" of the economy.
It is a very different picture in India, where the economy grew at its quickest pace in a year in the April-June quarter.
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