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Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.
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Friday Oct 08, 2021
Friday Oct 08, 2021
China's factory activity unexpectedly shrank in September as high raw material prices and power cuts continued to pressure manufacturers in the country. The PMI for manufacturing sector came in at 49.6, edging down from 50.1 in August, slipping into contraction for the first time since February 2020. Both the production and demand are cooling.
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