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China manufacturing activity expanded at slower pace in December amid slower export growth, rising costs – private survey

China's manufacturing activity expanded at a slower pace in December due to weak demand for the country's exports and rising costs, showed a private survey on Monday.

The Caixin/Market China purchasing managers' index (PMI), which is weighted toward small, private manufacturers, was 53 in December, easing from 54.9 in November, which was its highest level in a decade.

December's reading was the eighth consecutive month that the Caixin PMI held . . .

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