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China’s factory activity expands at fastest pace in nine years, weak exports and employment weigh

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China’s factory activity expanded at the fastest pace since January 2011 in July, as the economic recovery gained momentum, showed a private survey on Monday, but pressure remains amid weak overseas demand and employment.

The Caixin/Markit manufacturing purchasing managers’ index (PMI) rose to 52.8 in July, improving from 51.2 in June, beating analysts expectations. The 50-point mark separates contraction from growth.

The Caixin index has improved for three consecutive months . . .

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