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China's purchasing managers' index for November continues to contract

Official PMI logs 4th month of contraction, and is the lowest since Aug 2012

The PMI reading for the steel industry fell to 37 in November, as the sector - once the backbone of the country's growth - remains mired in excess capacity and falling prices.


CHINA'S official purchasing managers' index (PMI) dipped to a three-year low in November, which became its fourth consecutive month of contraction; the PMI is at its lowest since August 2012, pointing to continued weaknesses in its economy despite a slew of supporting measures....