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Chinese factories face headwinds in July, Europe withstands Greek turmoil

Tuesday, August 4, 2015 - 05:50
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China's factory activity shrank more than initially estimated in July as new orders fell, dashing hopes the economy may be steadying, a private survey showed on Monday.

London

ECONOMIC headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while eurozone factories largely shrugged off Greece's brush with bankruptcy. US manufacturing sector slowed down last month.

July was a