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China's factory growth rises, but services growth slows

Moody's has also raised its growth forecasts for South Korea and Japan as PMIs globally outperformed

The resilience of China's economy has surprised analysts. However, the strength of the manufacturing sector could falter as monetary tightening imposes stricter lending conditions to companies.


CHINA'S manufacturing sector remained strong in August despite the central bank's recent cutback of expansionary monetary policies, on the back of strong domestic and foreign demand.

China's two purchasing managers' indexes beat analyst...

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