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China factories power ahead

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China's factory activity accelerated in October, the latest sign that the world's second-largest economy is on solid footing, according to CNNMoney.

The country's index measuring the health of the sector among manufacturing purchasing managers improved to 50.9 in October, its highest level in seven months.

The index had fallen below 50 for months before perking up in August and September. A number under 50 indicates slower manufacturing activity.

Read more from CNNMoney.

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