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    <title>Chinese factory activity improves slightly with delay on tariffs, but still lags</title>
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    <description>A temporary US tariff pause for Chinese imports modestly improved Chinese factory activity but activity remained below expansion, with new export orders and exports contracting. The pause mainly aided large manufacturers; small and mid size firms saw continuing output declines and job losses. Regional indicators in Japan and South Korea also showed limited or negative industrial growth. The US indicated the reprieve is time limited and that trade penalties will be implemented unless deals are reached, while key bilateral issues remain unresolved.</description>
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