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China's manufacturing activity picks up: will it boost the crude oil prices?

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China's manufacturing activity January 2023

China's manufacturing activity has picked up in January, crossing the crucial threshold of 50%, according to China's National Bureau of Statistics. It has gone up from 47 to 50.1, recording a rapid rise, having falling for four months since September, last year.  The good news will have a positive impact on the crude oil markets in the long run, according to analysts.

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