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China Manufacturing Sector Falls Into Decline Amid Omicron Wave, Job Losses Accelerate

China Manufacturing Sector Falls Into Decline Amid Omicron Wave, Job Losses Accelerate

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Tightened restrictions to fight the Omicron wave have led to a renewed decline in manufacturing production in mainland China, with demand also weakening – notably from export markets. Manufacturing production in mainland China fell in January, according to PMI survey data produced for Caixin by IHS Markit, as the Omicron wave disrupted business activity.

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