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China Factory Gauge Slips to Lowest Level Since June 2013

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A Chinese manufacturing gauge slipped to the lowest level in 18 months, adding pressure on policy makers to do more to support growth in the world’s second-biggest economy.

The government’s Purchasing Managers’ Index fell to 50.1 in December from 50.3 in November, according to data released today by the statistics bureau and the China Federation of Logistics and Purchasing in Beijing. That compared with a median estimate of 50 in a Bloomberg News survey of analysts.