ReportWire

China’s Caixin Manufacturing PMI eases to 50.5 less than expected

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Also, new orders rose at a softer pace while employment fell for the fourth month in a row.

Meantime, export sales were broadly unchanged amid a further rise in buying activity.

Finally, sentiment weakened to an 8-month low, amid worries over sluggish market conditions.

“A slew of recent economic data suggests that China’s recovery has yet to find a stable footing,” said Dr. Wang Zhe, an economist at Caixin Insight Group.

ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).

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