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Tighter environmental curbs impact China PMI
Slower credit growth, reduced fiscal support post-Party Congress and the environmental crackdown all expected to intensify and weaken growth momentum
China has also been cracking down on corporate debt and a property bubble, which has arrested a construction boom.
PHOTO: REUTERS
Beijing
CHINA'S two sets of Purchasing Manufacturing Index (PMI) showed the countries millions of factories are stabilising production as more stringent anti-pollution measures kick in ahead of the Winter months.
The official PMI published by the
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