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Chinese facyories expanded
Time2019-9-3 9:21:04

China's massive manufacturing industry unexpectedly expanded last month, according to a closely watched private survey. But the country's economic outlook is still cloudy as the US-China trade war intensifies.

The sector posted the fastest increase in production in five months, according to a survey released Monday by the media group Caixin. The purchasing managers index jumped to 50.4 in August, rising above the 50-point level that indicates growth compared with the previous month.