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China's Manufacturing Rebounds in February

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China's manufacturing activity rebounded in February, indicating a gradual recovery in the country's economy.

The Purchasing Managers' Index (PMI) of China's manufacturing sector rose to 49 percent from 45.3 percent in January and a record low of 38.8 percent in November, the China Federation of Logistics and Purchasing (CFLP) said on Wednesday.

A reading above 50 percent suggests expansion, while one below 50 percent indicates contraction.

(Xinhua News Agency March 4, 2009)