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Official survey shows China’s factory activity shrank for 5th month, private gauge expands fastest in 19 months

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China’s factory activity picked up unexpectedly in September, with the gauge tracking private companies expanding at the fastest pace in 19 months, as plants ramped up production and new orders rose. However, analysts believes that Chinese authorities need to roll out more policy support measures amid persistent weakness.

The manufacturing purchasing managers’ index rose to to 49.8, according to data released by the National Bureau of Statistics on Monday. That’s better than the 49.6 expected by . . .

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