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BEIJING, Sept. 1 (Xinhua) -- The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, dropped to 50 in August from 50.6 in July, a private survey showed Thursday.
The reading of 50-point is the neutral level, signalling a marginal deterioration in the manufacturing sector from the expansion in July, 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.
