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China factory activity sees third straight month of contraction

Por: MarketWatch Business January 02, 2024

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The index has fallen in eight of the past nine months, with an increase only in September. In November, the index was at 49.4, down from 49.5 the month before. Despite unexpectedly prolonged weakness after the pandemic, China’s economy grew at a 5.2% pace in the first three quarters of the year and showed signs of improvement in November, with factory output and retail sales rising. In recent months, the government has raised spending on... + full article



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