China factory activity slows in May

    China’s factory activity slowed in May as disruptions from a five-day break added to pressures on global demand and input costs from the continuing conflict in the Middle East. The official manufacturing purchasing managers’ index fell to 50 from 50.3 in April, the National Bureau of Statistics said Sunday. The median estimate of economists surveyed…

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      China’s factory activity expands more as Iran war risks mount

      Beijing: China’s factory activity expanded for a second straight month in April, as manufacturers cranked up production to ship ​goods early to buyers worried the Iran war will further inflate costs, sending new export orders to their strongest level in two years. But the escalating Middle East conflict is laying bare risks in the $20…

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