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SHANGHAI HITS 15-MONTH LOW ON SLOWDOWN

Chinese stocks slid to their longest losing streak in 18 months as the success of Beijing's moves to cool the economy were confirmed dramatically by a bigger-than-expected slowdown in manufacturing growth.

The Shanghai Composite fell for a seventh successive session, easing 1 per cent to 2,373.79, its lowest close in 15 months.

Both the official government purchasing managers' index and HSBC's version indicated manufacturing was growing at the slowest rate in more than a year.

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