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China’s factory activity expanded at slower pace in December – private survey

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China’s factory activity expanded at a slower pace in December after accelerating for five consecutive months, pulling back from a three-year high in November, primarily due to weaker new orders, a private survey showed on Thursday.

The Caixin Manufacturing Purchasing Managers’ Index (PMI) fell to 51.5 in December from 51.8 the previous month, the weakest reading in three months. A reading above 50 indicates an expansion, while a nubmer below it marks a . . .

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