An employee assembles an electric car along a production line at a factory in Qingzhou, Shandong province, China, October 31, 2015. REUTERS/China Daily
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Massive monetary stimulus from Chinese and European central banks has done little to spur factory growth, moving a debate over more easing up the agenda and raising doubts over whether U.S. interest rates will rise this year.A crop of industry surveys out Monday pointed to October as another subdued month. More than half a year after the ECB started pumping in 60 billion euros a month of new money through its quantitative easing program, the currency bloc's relatively downbeat manufacturing survey may make disappointing reading for policymakers.It has, however, been above the 50 mark that separates growth from contraction for over two years.In China, manufacturing industry unexpectedly contracted for a third straight month, according to the official survey out Sunday, just missing market hopes for a break-even 50.0 reading, while new export orders shrank again.
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