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1.Market Observations

22 Aug 2014 (AFR) – China’s factory production disappoints: HSBC

(22 August 2014, AFR, p30, Lisa Murray)

‘China’s manufacturing ­sector slowed sharply in August, prompting speculation the government will be forced to do more to ­stimulate the economy, which is being dragged down by a weak ­property sector.’ <snipped…>

‘The survey, compiled by HSBC and Markit Economics, follows a worrying drop in new lending last month and a further deterioration in the real estate market, with residential property sales down 17.9 per cent from a year ago. The so-called “flash” Purchasing Managers’ Index, which is a preliminary reading of the survey, fell to a three-month low of 50.3, compared with an 18-month high of 51.7 in July. It had been expected to dip just slightly to 51.5.’

Read more at (might need AFR login access)


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