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Latest figures are showing a decline in the growth of China's manufacturing sector1 which means the country's recovery could be slowing down.
The official Purchasing Manager's Index – or the PMI for February fell to 50.1 percent from the previous month's reading of 50.4.
This is still the 5th consecutive2 month for the PMI to finish above the midway 50 mark which indicates expansion, but the decline from January also shows a slower pace of growth.
The China Federation3 of Logistics and Purchasing though says the Chinese economy is still on course for stabilization4.
And that the fall in purchasing recorded for February was mainly due to the Spring Festival holiday falling on that month.
I'm joined live on the line by CRI's Financial Commentator5 Cao Can.
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1 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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2 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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3 federation | |
n.同盟,联邦,联合,联盟,联合会 | |
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4 Stabilization | |
稳定化 | |
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5 commentator | |
n.注释者,解说者;实况广播评论员 | |
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