China's September HSBC PMI prints at 47.9, up slightly from last week's flash read of 47.8, and...

|By:, SA News Editor

China's September HSBC PMI prints at 47.9, up slightly from last week's flash read of 47.8, and from August's 47.6. New Export Orders declined at the sharpest rate in 42 months, but still didn't match the speed of decline in overall New Orders. "Chinese manufacturing growth is likely to be bottoming out," says HSBC, which calls on Beijing to step up its stimulus measures.