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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Nov. 4 (SMM) – China’s official manufacturing PMI released by China Federation of Logistics & Purchasing advanced 0.3 percentage point to 51.4% in October, hitting an 18 month high and staying above 50% for a 13th month straight. Analyst Zhang Liqun believed the higher index in October presaged the stabilization of China’s growth. However, the lower sub-indices for finished goods stocks and purchase price indicated that enterprises remained cautious towards market prospects.
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