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Caixin Global
Caixin Global
Comment
Hong Hao

Hong Hao: Caixin China Manufacturing PMI Doesn’t Actually Disappoint

Hong Hao Caixin China
A worker tends to equipment in a machinery manufacturing enterprise in Zhangzhou, Fujian on March 29. Photo: VCG

Today’s Caixin China manufacturing PMI has disappointed because of strong official PMI data last week. Meanwhile, at the Boao Forum for Asia, Premier Li Qiang mentioned that the Chinese economy continued to improve in March.

So where is the disconnect?

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