China industrial production slows down

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP

Manufacturing surveys published yesterday showed the industrial production has contracted in November.  According to China Federation of Logistics and Planning report production Purchasing Managers' Index dropped to 49.0 of 100 point gauge, declining below October reading of 50.4.The estimate earlier predicted by Dow Jones Newswires was 49.7. IHS Global's analysts claim the index as alarming indicating business environment deterioration. 

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