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The official Chinese PMI for March was released Sunday, the data points are here:
Reuters has a summary of the data if you want a little more:
- The factories' activity has increased unexpectedly, suggesting that government stimulus could begin to take shape
- Analysts remained cautious, citing seasonal distortions due to the long Lunar New Year break in February …, said real investment and consumer demand remained weak and pushed up stocks, potentially increasing pressure on the sector.
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I think analysts have every reason to be suspicious … but given the new stimulus measures from China, I do not reject that improvement.
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