China: NBS Manufacturing PMI Declines More Than Expected In November

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China’s official manufacturing PMI in November declined to 50.3 (consensus: 50.5, DBM: 50.6) from 50.8 in October. The details were relatively weak with new orders declining to 50.9 from 51.6 and export orders declining to 48.4 from 49.9. However, inventories were also cut at a faster pace with the finished



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