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China's manufacturing sector slumps in February

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While state-owned firms say that they have resumed part of their activity, many of China's millions of small- and medium-sized enterprises still remain idle, delaying a possible rebound.

Beijing 

CHINA'S manufacturing sector slumped to a record low in February as factories were hit hard by the Covid-19 outbreak, which bought supply chains across the country to a halt.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) showed China's factory activity...

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