Breaking: China Manufacturing Shrinks in January | Economic Update

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China's National Bureau of Statistics (NBS) Manufacturing Purchasing Managers' Index (PMI) declined to 49.3 in January 2026, down from 50.1 in December, falling short of market expectations, which anticipated a reading of 50. This recent figure indicates a slowdown in manufacturing activity at the beginning of the year, driven by muted demand conditions and a cautious outlook among businesses.

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