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China: losing the technology race with the U.S. & the goal of manufacturing powerhouse falling apart

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The Beijing federal government reported on Dec. 31 that production as well as solution field task in December dropped to the cheapest degree because February 2020. According to a media team in China, the Caixin Purchasing Managers’ Index, which determines a composite indication of China’s production task, revealed an analysis of 49 in December 2022, the least expensive degree because last September as well as down from 49.4 in November 2022.

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