HONG KONG — A manufacturing index published by the Chinese authorities on Thursday provided an unexpectedly solid reading for July but did little to dispel the picture of an economy that is cooling more rapidly than many analysts had expected just months ago.
The reading, published by the National Bureau of Statistics, edged up slightly, to 50.3 from 50.1 in June, indicating that recent small-scale economic support measures announced by the authorities in Beijing might be aiding some parts of the economy.
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Bettina Wassener, The New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/GxYRDobLRno/
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