SHANGHAI — China's purchasing managers index for manufacturing fell to 50.4 percent in May, a nearly three percent drop from April's 13-month high of 53.3 percent, indicating a further slowdown of the world's second largest economy.
The index for new export orders last month was 49.8 percent, a 4.7 percent decline from April's 54.5 percent, according to data released Friday by the China Federation of Logistics and Purchasing.
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