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Chinas factory activity slips as new export orders weaken

BEIJING (AP) — China’s factory activity contracted in October as new export orders softened, reversing the previous month's rebound. The world’s second-biggest economy has been facing pressure from trading partners to rebalance trade as its trade surplus with many countries balloons. Data released on Saturday by the National Bureau of Statistics showed that China’s official manufacturing purchasing managers’ index fell to 49. 3 in October, compared with 50. 1 in September and 49. 8 a...

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