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Chinese business activity growth softens at end of 2019
The Caixin China Composite PMI™ data (which covers both manufacturing and services) pointed to another strong rise in total Chinese business activity in December. However, the rate of growth eased since November, with the Composite Output Index falling from a 21- month high of 53.2 to 52.6 at the end of the year. Underlying data showed that business activity continued to expand across both the manufacturing and service sectors, with the former noting the steeper rate of growth. Manufacturing output rose solidly overall, despite the rate of increase easing to a three-month low. In the service sector, business ... (full story)