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    <title>China&#039;s factory activity contracts in August despite extension of trade truce with US</title>
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    <description>Extension of a bilateral trade truce reduced immediate tariff escalation risk but export uncertainty persists as official PMI data show a fifth consecutive month of manufacturing contraction; headline PMI inched up while new orders and inventories improved but employment weakened, and authorities emphasised improved economic sentiment while pursuing high level trade dialogue to manage differences and expand cooperation.</description>
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