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China’s factory downturn slows as Covid curbs ease; Brent crude oil hits $124 – business live

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Residents in Shanghai line up for nucleic acid tests on a street as the city prepares to end the lockdown placed to curb the coronavirus disease.

Introduction: China’s private sector decline slows as Covid curbs ease

Residents in Shanghai line up for nucleic acid tests on a street as the city prepares to end the lockdown placed to curb the coronavirus disease. Photograph: Aly Song/Reuters

Good morning, and welcome to our rolling coverage of business, the world economy and the financial markets.

The slump in China’s economy caused by Covid-19 lockdowns may be bottoming out, as…

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