China's manufacturing sector is contracting for a third straight month, according to the closely-watched "flash" PMI for May.
The HSBC/Markit index of the manufacturing sector accelerated less than expected in May, rising to 49.1 from a 12-month low of 48.9.
Economists anticipated the gauge would rise to 49.3. A reading below 50 indicates the manufacturing sector is contracting.
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