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Thursday, May 1, 2014

China's official manufacturing PMI edged up to 50.4 in April

From 50.3 in March but slightly missed consensus of 50.5. The data indicates that manufacturing is just about expanding and adds to HSBC's flash PMI reading which shows that the sector is contracting. As per economist,"The economy is showing slight improvements due to recent policy measures but there is no sign of a bottoming out."

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