China's May factory activity expands, but weak orders signal bumpy recovery
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BEIJING (Reuters) - China's factory activity rose for a third straight month in May as companies got back to business after strict measures to contain the coronavirus were eased, but a deep contraction in export orders means the recovery remains sluggish.The official manufacturing Purchasing Manager's Index (PMI) was 50.6 in May, compared with 50.8 in April, official data showed on Sunday, pointing to a gradual recovery in the industrial sector. Analysts had expected 51.0.The 50-point mark..