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China PMI May Stay in Expansion through 2021: Journal

CHINA PRESS
MNI (Singapore)

China's PMI is expected to remain in the expansionary zone above the breakeven 50 through the rest of this year, as demand will increase with Sept and Oct holidays approaching now that recent outbreaks have been controlled, the China Securities Journal reported citing analysts. PMI further slowed to 50.1 in August, the traditional off-season for manufacturing, mainly due to the sporadic rebound of the pandemic, the newspaper said citing analyst Wen Tao with China Logistics Information Center. The deceleration of PMI indicates increased downward pressure and China should increase the lead of government investment as soon as possible to expand domestic demand, the newspaper said citing Zhang Liqun, macro researcher at the Development Research Center for the State Council.

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