China's manufacturing sector contracted for a second consecutive month in January, another sign that the economy is adjusting to a "new normal" of slower growth.
HSBC said its "flash" index tracking China's manufacturing sector was at 49.8 in January, slightly up from 49.6 in December. Any score below 50 indicates contraction. The back-to-back declines follow a six-month streak of gains.
Economists were anticipating a score of 49.5.
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