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Economy on path of steady growth

By Zheng Yangpeng | China Daily | Updated: 2014-06-04 06:48

Hope is on the rise that China's economy is growing steadily following a more encouraging performance in the manufacturing and service sectors in May.

The final reading of the HSBC/Markit Purchasing Managers Index for Chinese manufacturing was 49.4, up from April's 48.1 and the highest since February, according to figures released on Tuesday.

China's non-manufacturing PMI was 55.5, the government reported, 0.7 points higher than April, even though real estate remained sluggish nationwide.

Economy on path of steady growth

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