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The Purchasing Managers’ Index (PMI) ofChina’s manufacturing sector rose to 51.7%in August from 51.2% in July,data releasedby the China Federation of Logistic & Purchasing(CFLP) showed.For PMI,50% isthe dividing line between expansion and contractionfor the economy.Among eleven sub-indexes,the indexesfor manufacturing,new order,new exportorder,order backlog,purchasing price andsupplier delivery time rose in August fromthe previous month.The purchasing priceindex jumped the most by 10.1 percent-
The Purchasing Managers’ Index (PMI) of China’s manufacturing sector rose to 51.7% in August from 51.2% in July, data releasedby the China Federation of Logistic & Purchasing (CFLP) showed.For PMI, 50% is the dividing line between expansion and contractionfor the economy.Among eleven sub-indexes, the indexes for manufacturing, new order, new exportorder, order backlog, purchasing price andsupplier delivery time rose in August fromthe previous month.The purchasing priceindex jumped the most by 10.1 percent-