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Saturday, September 30, 2017

China's manufacturing and services are growing well.

China official PMI rose to 52.4 in September compared to 51.7 in August.  50 is the dividing line between growth and contraction.

However, the private Caixin PMI slipped to 51 from 51.6 but it was still showing growth albeit diminishing growth.

The non-manufacturing or services index rose to 55.4 in September from 53.4 in August.

These indexes show that China economic growth is stable and growing gradually.

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