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China manufacturing index slows in July

China's manufacturing activity slows further in July, an early sign of weakness for the economy in the second half of this yearThe official Purchasing Managers’ Index (PMI) came in at 50.0 last month, the National Bureau of Statistics (NBS) said in a statement. The reading, which tracks activity in China’s vast factory and workshop sector, decelerated slightly from 50.2 in June. The index is seen as a key barometer of the Asian giant’s economic health, a key driver of global growth.

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