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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.

“Sigh of Relief? China PMI Data Signals Stability” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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