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The Logistics Federation said the most positive signs were seen in consumer goods industries such as tobacco, beverages and food processing
-- areas usually active around the holiday season. Areas seeing contraction included furniture, metal fabrication and smelting and other manufacturing related to construction and industrial production, the federation said. Exports remain sluggish, with the index for new export orders down 1.7 percentage points to 46.9. Imports likewise were feeble at the same level. The past two months of improvement indicate a "gradual stabilization of the Chinese economy," said federation analyst Zhang Liqun. But he added that "the decline in new export orders reflects the weak level of external demand. Such external factors require close attention." ___ Online: China Federation of Logistics and Purchasing (in Chinese):
http://www.cflp.org.cn/
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