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Economics

China Manufacturing Slowdown Persists Before Handover

China’s manufacturing contracted for an 11th straight month, a private survey found, increasing pressure on the government to bolster growth in the world’s second-largest economy.

The purchasing managers’ index from HSBC Holdings Plc and Markit Economics was at 47.9 for September from 47.6 in August. Export orders declined at the fastest pace in 42 months and purchasing activity in manufacturing fell for a fifth consecutive month, the Sept. 29 report showed.