Reuters: Business News: China HSBC PMI dips to 11-month low in July as demand sags

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China HSBC PMI dips to 11-month low in July as demand sags Aug 1st 2013, 02:57 BEIJING (Reuters) - China's factory activity shrank for a third straight month in July to its lowest level in nearly a year as new orders fell, a private survey showed on Thursday, signaling the persistent pressure on the economy has extended into the third quarter.

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