China factory activity shrinks less sharply ahead of Lunar New Year

PMI remains in contraction at 49.2; Hong Kong GDP accelerates thanks to mainland tourists

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Employees work on a production line at a Shaanxi Automobile Group factory in China's Shaanxi province. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- The decline in China's factory activity modestly narrowed in January, indicating higher demand ahead of the Lunar New Year celebrations starting Feb. 10.

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