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China PMIs remain subdued, suggest more easing to come

Official PMI edges up to 50.2, while HSBC and Markit data show 49.2

The government has set an official growth target of 7 per cent for this year, but many analysts have said that it may not reach it.


CHINA'S PMIs remained subdued in May, despite recent monetary support, prompting analysts to expect more policy easing in the coming weeks.

China's official Purchasing Managers Index edged up to 50.2 from 50.1. While the PMI data compiled by HSBC and Markit was 49.2 from 48