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Agencies
Manufacturing in China unexpectedly contracted in January in the first slowdown in four months, an official factory survey showed on Monday, as workers began leaving assembly lines to travel to their hometowns for the Lunar New Year holidays.
The official purchasing managers’ index (PMI), based on a survey of factory managers, contracted to 49.1 in January, its weakest since August, from 50.1 in December, the National Bureau of Statistics said. A PMI reading above 50 indicates
expansion.
