Chinese Manufacturing PMI Rises Less Than Expected
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REUTERS/China Daily
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Economists polled by Bloomberg are looking for manufacturing PMI to rise to 50.5, from 50.3 the previous month.
A reading below 50 indicates contraction.
The HSBC flash PMI reading we got earlier this month, shows that Chinese manufacturing has been contracting.
But the official survey has a bigger sample and has more exposure to larger manufacturers.
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