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Small factories’ activity expanded at fastest pace in three years – private survey

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Activity in China's small and private factories unexpectedly expanded at the fastest pace in almost three years in November, boosted by strong output and new orders, providing evidence that the economy may be heading for some short-term stabilisation after the government rolled out a raft of stimulus measures.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) index rose to 51.8 in November from 51.7 in the previous month. That marked the fastest expansion . . .

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