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China manufacturing in December likely to be down for 5th straight month

Official industry PMI still below 50 points, pointing to further easing in GDP growth next year

Official data on Sunday showed Chinese industrial profits fell 1.4 per cent in November from a year earlier, marking a sixth consecutive month of decline.


ACTIVITY in China's manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world's second-largest economy to its slowest annual growth in a quarter of a century.

The official manufacturing