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No slowdown in China's "official" manufacturing index

China's manufacturing sector avoided contraction this month. Conditions actually improved, though growth is fractional.

The state-sponsored purchasing managers index for China reads 50.3 in March, according to the state-sponsored survey from the China Federation of Logistics and Purchases.

That's up slightly from 50.2 in February. Economists had looked for a 50.1 reading.

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