Survey: China’s Non-Manufacturing Industries Grow at Slower Pace
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Getty/George Doyle/Thinkstock(NEW YORK) — An official survey indicates that China’s non-manufacturing industries grew at the slowest pace in over a year, Bloomberg News reports.
The National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday in Beijing that the purchasing managers’ index dropped from 56.1 in April to 55.2 in May. The index is the lowest since March 2011.
Cai Jin, a vice chairman of the federation, said in a statement that the index was still relatively high and in line with the normal trend of steady growth in non-manufacturing industries, according to Bloomberg.
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