China factory activity drops to four-month low in March: Caixin

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Chinese manufacturing activity slowed in March as weak demand weighed on the world’s second largest economy, independent data showed Monday. The Caixin Purchasing Managers Index (PMI) — an indicator of conditions at small manufacturers — dropped to 51.0 in March, down from 51.6 in February, marking the weakest reading since November. A PMI figure above 50…


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