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[$$] China manufacturing sector contracts as economic slowdown worsens

Gabriel Wildau in Shanghai

The data were published two days after China’s official manufacturing PMI, which primarily surveys state-owned groups, came in at 49.4 for December, the first sub-50 marker since July 2016. Stocks were down across the region, with Hong Kong’s Hang Seng index falling almost 3 per cent and China’s CSI