China's October PMI remains strong, but cracks appearing
Beijing has been clamping down on overcapacity in the steel, cement and glass sectors while reducing credit for some firms
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Beijing
CHINA'S manufacturing sector performed well in October but a divergence in two sets of purchasing managers' indices (PMIs) point to increasing difficulties for some firms as China cracks down on polluting industries, informal lending and a structural property bubble.
China's official PMI published by the National Bureau of Statistics on Thursday surprised on the upside and came in at 51.8 against 51.6.
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