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China’s factory activity unexpectedly expand fastest in three years as new orders and production pick up – private survey

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China’s factory activity unexpectedly expanded at the fastest pace in nearly three years in October, shows a private survey on Friday, boosted by robust growth in new orders and a pickup in production.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) picked up to 51.7 last month from 51.4 in September. It marks the third straight month that the gauge has stayed above 50 level which separate expansion and contraction. It's also the . . .

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