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China's Factory Recovery Continues as Service Sector Hits Seven-Year High

A gauge of China’s factory activity remained in expansionary territory for an eighth consecutive month while activity in the services-and-construction sector hit a seven-year high, pointing to continued recovery across the world’s second-largest economy as it rebounds from the pandemic.
China’s official manufacturing purchasing managers index, a key gauge of factory activity, slipped slightly to 51.4 in October from 51.5 in the previous month, according to data released Saturday in China by the National Bureau of Statistics….
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