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China manufacturing hits three-month low in flash PMI

The HSBC flash China purchasing managers index survey has
recorded a result of 50.3, down from 51.7, for August.

The interim result is weighted towards smaller,
privately-owned firms. It represents a three-month low, reports Market Watch.

HSBC’s chief China economist Hongbin Qu said that data
pointed to the economic recovery in China continuing, but this had slowed.

demand and investment activity growth will likely stay on a relatively subdued
path,” he said in a statement.

China’s economy grew 7.5 per cent overall, year-on-year, for
the second quarter. This was slightly up on a 7.4 per cent result in the first

Image: News Corp

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