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Chinese manufacturing weakens, adding to economic pressure

Por: ABC News Business October 31, 2022

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BEIJING -- Chinese manufacturing weakened in October, an official survey showed Monday, adding to downward pressure on the economy as the ruling Communist Party tries to reverse a slowdown.A monthly purchasing managers’ index declined to 49.2 from September’s 50.1 on a 100-point scale where numbers below 50 indicate activity contracting, according to the government statistics bureau and an official industry group.Measures of production, new... + full article



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