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Here Comes HSBC China PMI...

Mamta BadkarMay 5, 2014, 06:35 IST

Reuters

HSBC China manufacturing PMI for April is out at 9:45 p.m. ET.

Economists polled by Bloomberg are looking for a reading of 48.3. A reading below 50 indicates contraction.

China's official manufacturing PMI number climbed to 50.4.

Beijing announced a mini-stimulus to help stabilize growth and this is expected to have improved business sentiment.

The HSBC survey has a smaller sample than the official number and is more tilted towards small and medium enterprises.