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China’s factories creep back to life as Covid curbs ease

The contraction gripping China's manufacturing sector slowed in May, data showed Tuesday, as some factories gradually resumed work after the easing of strict Covid lockdowns.

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing activity -- edged up to 49.6, officials said, from April's 47.4, which was the worst reading since early 2020.

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