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PMI hits highest level in 8 months

By Xin Zhiming | China Daily | Updated: 2018-06-01 09:14

Great economic resilience shown amid trade tensions, analysts say

The purchasing managers index, a gauge of manufacturing that reflects business activity, rose to an eight-month high in May, highlighting the resilience of the world's second-largest economy, analysts said.

The PMI rose to 51.9 in May, up from 51.4 in April, well above the 50-point mark that separates expansion from contraction. The index, released on Thursday by the National Bureau of Statistics, has remained in expansion territory for the 22nd straight month.

PMI hits highest level in 8 months

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