Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here Comes HSBC China Flash PMI...

Mamta BadkarApr 23, 2014, 06:50 IST

REUTERS/William Hong

HSBC China Flash manufacturing PMI for April is out at 9:45 p.m. ET.

Economists polled by Bloomberg are looking for manufacturing to rise to 48.3, from 48 the previous month.

A reading below 50 indicates contraction.

Chinese GDP climbed 7.4% in the first quarter, confirming the economic slowdown economist and investors have been talking about.

Policymakers have set a growth target of 7.5% for 2014, and economists expect they have a floor of 7% GDP growth for the year.

A disappointing flash PMI number will only add to concerns about a possible hard landing.