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China PMI shows weak factory activity, points to need for stimulus
Published Thu, Jan 1, 2015 · 09:50 PM
Beijing
CHINA'S factory activity sputtered in December, underlining the challenges facing the country's manufacturers as they fight rising costs and softening demand in a cooling economy.
After a rough 2014, the world's second-largest economy looks set to start the new year on a weak note, reinforcing expectations that Beijing will roll out more stimulus to avert a sharper slowdown which could trigger job losses and debt defaults.
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