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China's manufacturing and service sector activities remained strong in October, indicating continued economic recovery from the damage caused by the coronavirus pandemic.
China’s official manufacturing purchasing managers’ index (PMI) fell slightly to 51.4 in October from 51.5 in September the National Bureau of Statistics (NBS) reported Saturday. The October reading was slightly above the median expectation in a Bloomberg survey for a slight drop to 51.3.
A PMI reading above 50 means that activity in the sector is expanding, a level below 50 that it is contracting.
However . . .
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