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China’s Private Sector Expands Most In 21 Months

China’s private sector expanded at the steepest pace in 21 months in November driven by the upturn in manufacturing and services, survey results from IHS Markit showed Wednesday. The Caixin composite output index rose to 53.2 in November from 52.0 in October. A reading above 50 indicates expansion. The services Purchasing Managers’ Index advanced to a seven-month high of 53.5 from 51.1 in October.
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