China manufacturing continues to shrink
CHINA'S manufacturing sector has contracted for the second month in a row in September, with official data showing the PMI at 49.8.
CHINESE manufacturing shrank for a second straight month in September, according to official data, showing the headwinds blighting the world's second-largest economy despite some signs the contraction is easing.
FACTORY output ticked up slightly from the previous month in September, the data showed on Thursday, but the recovery in the vital sector remained anaemic at a time when the health of China's economy has become a key preoccupation for world markets.
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