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ECONOMICS COMMENTARY
Apr 03, 2013
Solid rise in business activity across combined Chinese manufacturing and service sector in March
HSBC China Composite PMI data (which covers both manufacturing and services) signalled a further expansion of output during March. Activity has now risen at the composite level for seven successive months. Furthermore, the rate of expansion accelerated from February to a solid pace. The HSBC China Composite Output Index posted 53.5 in March, up from February's four-month low of 51.4.
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