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China’s manufacturing sector's activity expanded at the fastest pace since February 201 in October, a private survey showed on Monday, indicating the recovery in the world's second largest economy remained robust.
The Caixin/Markit Purchasing Managers’ Index for Chinese manufacturing came in at 53.6 for October, picking up from a reading of 53 in September and beating analyst's expectation of 53 in a Reuters survey.
A reading above 50 indicate expansion, while a number below it points to contraction. PMI readings are sequential and indicate month-on-month expansion or . . .
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