China's factory activity contracted in September for first time since March 2020

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China's factory activities contracted in September for the first time since March 2020 mainly due to a slowdown in energy-intensive industries, while services sector bounced back as the recent Covid-19 flare-ups receded.

The official manufacturing purchasing managers’ index (PMI) declined to 49.6 last month from 50.1 in August, the lowest level since the start of the coronavirus pandemic in February 2020, showed data from the National Bureau . . .

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