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China Manufacturing Slips in Latest Sign of Slowing Economy

  • PMI surveys signal slowdown in factories, services sector
  • Small businesses under pressure, Caixin survey shows
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WATCH: The slowdown in China’s economic growth continues, with weaknesses in both manufacturing and services. Kathleen Hays reports.Source: Bloomberg

China’s economy continued to slow at the start of the year, with manufacturing output slipping and Covid-19 outbreaks curbing consumer spending.

The official purchasing managers’ surveys released on Sunday showed a moderation in factory production and services in January. Small businesses bore the brunt of the pain, with a separate private index dropping to its lowest in almost two years.