China’s economic recovery continued in January at slower pace as virus outbreak takes toll

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China’s economy recovery continued in January but at a slower pace, as the resurgence of coronavirus in parts of the country took a toll on business sentiment, led by a sharp drop in service sector morale.The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners in the world’s second-largest economy – fell to 51.3 last month from 51.9 in December, according to the National Bureau of Statistics (NBS).December’s reading was below the median…

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