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Monday, Sep 23
More on Chinese PMI: External and domestic demand strengthen data
- HSBC flash manufacturing output rose to a five-month high of 51.1 in September from 50.9 in August.
- Improvements of external and domestic demand helped boost Chinese PMI, HSBC's Qu Hongbin said. "We expect a more sustained recovery as the further filtering-through of fine-tuning measures should lift domestic demand," Qu added. "This will create more favorable conditions to push forward reforms, which should in turn boost mid- and long-term growth outlooks."
- However, Standard Chartered's Li Wei expressed caution. "Company owners are still conservative about the economic outlook and we haven't see rapid improvement in the real economy," Li said.
- Shares +0.8%. (Previous) (PR)
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