China's HSBC flash PMI climbed to a six-month high of 51.2 in September from 50.1 in August, boosted by improvements in external and domestic demand. The reading adds to a string of data that indicate that China's economy is bouncing back after a slowdown. HSBC expects a more "sustained recovery" that "will create more favorable conditions to push forward reforms." The PMI reading helped strengthen shares in China but not in other parts of Asia.
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