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Manufacturing still on healthy track despite rising costs and falling exports
China’s factory activity remained in expansionary territory for the ninth consecutive month in January, although the expansion was at the slowest pace in seven months due to falling export orders, new pandemic cases and rising costs, a private survey said on Monday.
The Caixin China General Manufacturing Purchasing Managers’ Index fell by 1.5 percentage points on a monthly basis to 51.5 in January, the lowest level since July. The trend is consistent with the manufacturing PMI…