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China's PMI Rebounded To 50.9

China announced that the manufacturing purchasing managers' index (PMI) of the Mainland China in December last year rebounded to 50.9, up 1 percentage point from the previous month, and the highest since July last year, reflecting that confidence in small manufacturing industries is improving. Caixin said that the manufacturing industry recovered during the month, supply and demand improved, and inflationary pressures eased. However, the job market is still under pressure, the foundation of economic recovery is unstable, and the optimistic expectations of companies have weakened, mainly due to the repeated epidemics and unstable overseas demand.

Source: MoneyDJ.com

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