China manufacturing measure falls to 6-month low in new sign of economic slowdown
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A gauge of China's manufacturing activity fell to a six-month low in November in a new sign an economic slowdown is deepening.
HSBC Corp. said Monday its monthly purchasing managers' index fell to 50.0 from the previous month's 50.4. The index uses a 100-point scale on which numbers below 50 show activity contracting. November's reading meant activity was unchanged from the previous month.
China's economic growth slipped to a five-year low of 7.3 percent in the quarter ending in September. Chinese leaders have cut interest rates in an apparent attempt to prevent growth from declining further.
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HSBC economist Hongbin Qu said in a report, "We continue to expect further monetary and fiscal easing measures to offset downside risks to growth."