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China’s factory activity grew slightly in November, a private survey showed, although new export orders extended their decline.

The Caixin Manufacturing Purchasing Managers’ Index (PMI) for November, released on Monday, ticked up to 50.2 from 50.1 in October. Economists were expecting a reading of 50.00.

The sub-index for new export orders shrinking to 47.7 in November from 48.8 a month earlier.