China's economy continued to lose momentum in June, with manufacturing activity contracting for the third consecutive month. The official manufacturing purchasing managers' index fell to 49, indicating contraction, while the non-manufacturing gauge slipped to 53.2, signaling weaker expansion. Demand for factory goods remained a concern, and industrial deflation showed no signs of easing.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aAE1dpj
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