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China's manufacturing sector witnesses fall in Jan, PMI dips to 51.3

The data gives global investors their first look at business conditions in China at the start of 2018, with the government's war on winter smog and a continued crackdown on riskier types of financing

Reuters  |  Beijing 

Growth in China's manufacturing sector slowed more than expected in January in the face of a cooling property market and tighter pollution rules that have curtailed factory output. The official Purchasing Managers' Index (PMI) released on Wednesday dipped to 51.3 in January, from 51.6 in December. But it remained comfortably above the 50-point mark that separates growth from contraction on a monthly basis. Analysts surveyed by Reuters had forecast the reading would ease marginally to 51.5. Boosted by government infrastructure spending, a resilient property market and ...

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First Published: Wed, January 31 2018. 19:54 IST