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flag China's manufacturing activity contracted in January, with PMI dropping below growth threshold to 49.1.

flag China's manufacturing activity contracted in January, with the official Purchasing Managers' Index (PMI) dropping to 49.1, below the 50 threshold that indicates economic growth. flag The decline was attributed to the Lunar New Year holiday, causing a slowdown in factory activity. flag Meanwhile, the non-manufacturing PMI fell to 50.2, also showing weaker growth. flag Despite this, China's industrial profits saw an 11% increase in December, reversing a trend of three consecutive years of decline. flag However, full-year industrial profits still fell by 3.3% in 2024.

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