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Caixin China General Manufacturing PMI
January PMI® data indicated that China's manufacturing sector continued to expand, with firms signalling sustained increases in both output and new orders. While production growth was broadly stable, the upturn in overall new business did lose some momentum since December, despite a fresh rise in new export work. Nevertheless, firms were more buoyant when assessing the year-ahead outlook, and the rate of job shedding across the sector eased notably on the month. Prices data indicated that cost pressures remained relatively weak, with input costs rising at an historically slow pace that was the weakest in five ... (full story)