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China power crisis causes sudden contraction in factory activity
TIWN
TIWN
PHOTO : TIWN
New Delhi, Oct 1 (TIWN) China's factory activity has shrunk unexpectedly amid curbs on electricity use and rising prices for commodities and parts, raising more concerns about the state of the world's second biggest economy, The Guardian reported.
A closely watched survey released on Thursday showed that China's factory activity contracted in September for the first time since the pandemic took a grip in February 2020.
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