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Monday, February 3, 2014

Chinese official PMIs show growth slowdown.

China's official manufacturing PMI fell to a six-month low of 50.5 in January from 51 in December, while the non-manufacturing print slipped to the lowest level since December 2008, falling to 53.4 from 54.6. The readings add to other data that indicate slowing growth in China, although at least the latest manufacturing figure shows expansion - HSBC's PMI gauge indicated contraction. The trends have partly been attributed to the Lunar New Year as people travelled home for the holiday.

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