In a holiday-thinned week for Asian markets, focus is likely to fall on the official Chinese purchasing mangers’ index (PMI) for the latest clues on how the manufacturing sector in the world’s second biggest economy is faring.
The December PMI data is due out on Wednesday and is followed on Thursday by the release of the final reading of the HSBC China PMI for December.
The official PMI stood at 51.4 in November, while the preliminary reading on the HSBC survey showed manufacturing activity slowed in December, raising concerns about the outlook for the Chinese economy.
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Mingze Wu
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