Japan stocks set for mixed start; China says its manufacturing activity growth slowed in January

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China's manufacturing activity growth in January slowed as compared to the previous month, according to official data released over the weekend.

China's official manufacturing Purchasing Managers' Index came in at 51.3 in January, according to a statement by the country's National Bureau of Statistics on Sunday.

In comparison, the reading for December was 51.9 and remained above the 50-level, which indicates growth. PMI readings below that level signal contraction. Analysts in a Reuters poll had expected the figure for January to come in at 51.6. Looking ahead, a private survey of Chinese manufacturing activity in January is set to be released, with the Caixin/Markit manufacturing PMI expected to be out around 9:45 a.m. HK/SIN on Monday.

 

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