China's factories continue to struggle

China's all-important factory sector slowed for a third straight month in October, according to a study by the National Bureau of Statistics.

The government's purchasing managers' index hit 49.8 in October, which was unchanged from the previous month. A score below 50 represents deceleration in the manufacturing sector.

A separate survey by Chinese media group Caixin put the manufacturing PMI at 48.3 in October, up from 47.2 in September. The survey marks the eighth consecutive month with a score below 50.

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