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HSBC's China PMI down at 3-month low

Reading falls to 50.5 from November; lower output offset pick-up in new orders

[BEIJING] Growth in activity in China's vast factory sector slowed to a three-month low this month as reduced output offset a pick-up in new orders, a preliminary private survey showed yesterday, in line with other recent data pointing to a resilient but slowing economy. The flash Markit/HSBC