01-02-2021 06:04 via kvoa.com

China manufacturing growth weakens in January

BEIJING (AP) — Two surveys show China’s manufacturing growth weakened in January, suggesting its rebound from the coronavirus pandemic is leveling off.  A purchasing managers’ index released by business magazine Caixin declined to 51.5 from December’s 53 on a 100-point scale on which numbers above 50 show activity expanding. A separate index by the national statistics agency and an official industry group, the China Federation of Logistics & Purchasing, retreated
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