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Chinese Manufacturing Down for First Time in 11 Months

June 2, 2017

China’s factory activity contracted in May for the first time in almost a year, independent figures showed Thursday, hinting at deteriorating conditions for goods producers in the world’s second-largest economy.

The figures compare with an official reading Wednesday suggesting China factory activity expanded in May. Recent indicators have pointed to slowing growth in the Asian economic giant as it grapples with weaker global demand, excess industrial capacity and a burgeoning debt problem.

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