China’s manufacturing sector shrinks in August - BBC News

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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