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China's October PMI remains strong, but cracks appearing

Beijing has been clamping down on overcapacity in the steel, cement and glass sectors while reducing credit for some firms

China has made restructuring its economic growth to a more qualitative model a priority, with services and new technology set to outweigh industrial production.


CHINA'S manufacturing sector performed well in October but a divergence in two sets of purchasing managers' indices (PMIs) point to increasing difficulties for some firms as China cracks down on polluting industries, informal lending and a structural property bubble.


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