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China factory activity contracts for 5th month

Dec manufacturing PMI points to prolonged economic slowdown
Saturday, January 2, 2016 - 05:50

WEAK DEMAND: Export orders shrank for the 15th month.


ACTIVITY in China's manufacturing sector contracted for a fifth straight month in December, an official survey showed on Friday, reinforcing fears that the world's second-largest economy may be stuck in a protracted slowdown despite a flurry of stimulus measures.


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