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China manufacturing contracts for fourth straight month in Jan

By Inquirer - 10 months ago
SINGAPORE  — A survey of factory managers in China released Wednesday shows manufacturing contracted in January for a fourth straight month, reflecting weak demand and a faltering recovery in the world’s second-largest economy. The official purchasing managers index, or PMI, rose slightly to 49.2 in January from 49.0 the month before. The PMI is on

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