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Factory activity in China last month nudged down slightly on slower demand and higher raw material prices, while the services industry boomed over the May 1 Workers’ Day holiday, official data showed yesterday.
The purchasing managers’ index (PMI), a key gauge of China’s manufacturing activity, was 51 slightly down from 51.1 in April, but above the mark separating growth from contraction, the Chinese National Bureau of Statistics said.
There are risks ahead, analysts warned, including shortages of parts especially semiconductors and rising commodity prices.
Although factory production has been “rising steadily,” with overall activity exceeding the same periods in the
By Sam Kim
(Bloomberg Markets) They’re called the Sampo Generation: South Koreans in their 20s and 30s who’ve given up (po) three (sam) of life’s conventional rites of passage–dating, marrying, and having children. They’ve made these choices because of economic constraints and in the process have worsened Korea’s demographic imbalances. Last year, when the country registered more deaths than births for the first time in recent history, then-Vice Finance Minister Kim Yong-beom pronounced the milestone a “death cross.”
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