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China’s factory, services activity contract further in November as ‘inevitable’ coronavirus curbs weigh on economy

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Reports say a key measure of China’s factory activity has further fallen in November.

The Purchasing Managers’ Index, PMI, fell to forty-eight from forty-nine point two in October.

It comes as strict Covid restrictions and weakening global demand weigh on the world’s second largest economy.

In recent days there have been violent protests against President Xi Jinping’s zero-Covid measures that have seen major cities being put into lockdowns.

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