China's industrial sector is growing but at a slow pace, suggesting that its economy is going through a sluggish recovery, according to data from two surveys. The China Federation of Logistics and Purchasing said its purchasing managers' index is holding at 51.4, unchanged from October. HSBC's purchasing managers' index declined to 50.8 in November from October's 50.9. Both indexes use a scale in which anything above 50 indicates growth.
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