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On eve of Trump-Xi talks China’s economy continues to slump, overnight data say

China's purchasing managers index (PMI) for the manufacturing sector continued to slump in November, overnight data showed. The index dropped to 50, the level that marks the divide between expansion (above 50) and contraction (below 50.) The new export orders sub-index improved slightly although remaining in contraction territory for the sixth straight month. Everybody agrees […]

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