PMI in expansion mode during May
By Wang Xiaotian | China Daily | Updated: 2010-06-02 07:52
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Workers melting steel products at a Nanjing factory. The official PMI for May stood at 53.9, down from 55.7 in April. An Xin / China Daily |
BEIJING - The slower expansion pace of the Purchasing Manager's Index (PMI) for the manufacturing sector in May still demonstrates the economy's robust growth potential and should not be viewed as an economic moderation due to seasonal factors, analysts said.
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