24 Oct 2013
China PMI at a 7-month high
FXstreet.com (Barcelona) - The Preliminary Chinese HSBC Manufacturing PMI (Oct) came at 50.9 vs 50.5 expected and 50.2 last. The data represents a seven-month high.
According to Hongbin Qu, Chief Economist China, Co-Head of Asian Economic Research at HSBC: "China's GDP recovery is becoming consolidated into Q4 following out in 3Q. This momentum is likely to continue in the coming months, creating
favorable conditions for speeding up structural reforms."
According to Hongbin Qu, Chief Economist China, Co-Head of Asian Economic Research at HSBC: "China's GDP recovery is becoming consolidated into Q4 following out in 3Q. This momentum is likely to continue in the coming months, creating
favorable conditions for speeding up structural reforms."