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China Caixin PMI: different rate, same slowdown

A private reading on China's manufacturing sector suggests the slowdown continued last month but that conditions had not worsened as much as in October.

The Caixin-sponsored preliminary manufacturing PMI was 48.6 in November, versus expectations of 48.3. It had been 48.3 in October.

It was last above 50 - the threshold separating contraction from expansion - in February.

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