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Sunday, May 25, 2014

China's HSBC flash PMI seen improving

HSBC flash PMI reading came in at 49.7 to mark an improvement of 160 basis points from the level recorded in April and beat the median estimate of analysts calling for 48.3. Though the factory activity index is on track to reach a five-month high, it still sits in contraction territory. Analysts think stimulus measures from the government are starting to provide a small lift.

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