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Caixin China manufacturing PMI hits five-month low

Xinhua, March 1, 2016 Adjust font size:

The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, fell to 48 in February from 48.4 in January, a private survey showed Tuesday.

The reading was the lowest in five months, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd.

A reading above 50 indicates expansion, while a reading below 50 represents contraction. Endi