BEIJING: Growth in China’s vast factory sector slackened in August as foreign and domestic demand slowed, stoking speculation that further policy easing would be needed to prevent the economy from stumbling once more.
China’s purchasing managers index (PMI) surveys come in both official and private sector flavours. The National Bureau of Statistic’s version fell from a 27-month high to 51.1 in August, as factories shed jobs for at least the 24th consecutive month.
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