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Asia's factories see modest pickup alongside Chinese rebound

from Bloomberg

Asia's factories see modest pickup alongside Chinese rebound Bloomberg Factory managers in Asia broadly saw a modest pickup in activity in July as China’s demand kept up its momentum. PMIs for Japan, South Korea, and Taiwan — among the region’s manufacturing powerhouses — advanced last month alongside most others in the region, according to IHS Markit figures. Taiwan, at 50.6 — its best reading since January — was a rare economy that rose above 50, the dividing line between contraction and expansion. READ MORE

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