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CHINA'S MANUFACTURING CONTINUES TO GROW

China's manufacturing sector expanded for the sixth straight month in August to a 16-month high, according to the official purchasing managers' index, an indication that the economy continued to see strong recovery.

The China Federation of Logistics and Purchasing said on Tuesday the index rose to 54 last month, up from 53.3 in July, as strong spending in heavy industries spurred growth.

A reading above 50 signals an expansion while one below the threshold represents a contraction.

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