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Chinese slowdown sends shiver through markets

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Chinese slowdown sends shiver through markets

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Factory output in China has dropped to its lowest level in nearly three years, with signs that although export orders continue to grow, domestic weaknesses are sapping output and new orders.

A three-point fall in the HSBC flash Purchasing Managers Index to 48 has revived fears the Chinese economy may be heading for a hard landing, which could trigger a world recession.