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.
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