Survey shows China manufacturing contracting

Published May 23, 2013 4:42am ET



BEIJING (AP) — A survey shows China’s manufacturing contracted this month, adding to signs a fragile recovery in the world’s No. 2 economy is slowing.

HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April’s 50.4 on a 100-point scale. Numbers below 50 show a contraction.

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