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01 Mar
08:54

China’s manufacturing sector suffers February slump

China’s manufacturing sector continued to see conditions worsen in February despite government attempts to boost the economy, according to purchasing managers’ indices from Caixin and the National Bureau of Statistics (NBS). The steel sector is being partially protected from the impact by a rebound in automotive production but the PMIs still highlight downward pressure on steel demand, Kallanish notes. Both measures were down 0.4 points, wi…
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