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China's manufacturing sector remains weak in Sept.


10-01-2014 11:45 BJT

Growth in China’s manufacturing sector remains slightly weak in September, a sign of subdued momentum in economic recovery. The purchasing managers’ index came in at 51.1, the same as August’s reading.

Analysts were not surprised, given other soft patches in credit lending, imports, and the housing market. Other analysts expect more policies from the central government to support growth. The data was released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing. A PMI rating above 50 indicates expansion, and below 50, contraction.

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