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China Jan PMI slips but stays in expansion mode

The official PMI stands at 51.3 in Jan, down from 51.4 in Dec and slightly higher than an expected 51.2

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China posted fourth quarter GDP growth of 6.8 per cent beating expectations. The country is struggling to shift its growth model from investment to consumption, with value-added industries to replace heavy polluting industries.

Beijing

CHINA'S manufacturing sector remained strong despite a slight drop, fuelled by a government-led credit and infrastructure boom.

This is the fourth straight month that the purchasing managers' index (PMI) was above the 50-point mark which delimits contractions from expansion

sentifi.com

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