As China’s fragile economic recovery loses momentum, expectations are growing that Beijing will unleash fresh stimulus to ensure delivery on its growth target of 7.5 percent.
The last month has seen a slew of disappointing economic data – from manufacturing to credit growth – raising concerns that the world’s second-largest economy may be headed into a renewed soft patch.
HSBC’s preliminary reading of China’s manufacturing purchasing managers’ index (PMI) for the month of August dipped to 50.3 from July’s 18-month high of 51.7, missing forecasts for 51.5.
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