Flash China PMI shows factory output weakened again in March

[BEIJING] China's manufacturing industry weakened for a fifth straight month, according to a preliminary measure for March released yesterday, deepening concern the nation will miss its 7.5 per cent growth target this year.

The Purchasing Managers' Index from HSBC Holdings and Markit Economics dropped to 48.1, compared with the 48.7 median estimate of 22 analysts surveyed by Bloomberg News and last month's final 48.5 figure. Numbers above 50 signal expansion.

Chinese stocks rebounded from initial losses...

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