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20 Nov 2014
China’s Flash PMI print likely to dip in Nov - RBS
FXStreet (Bali) - According to Gao Qi, Trading Strategist, EM Asia, at RBS, China’s Flash manufacturing PMI print is likely to dip in November.
Key Quotes
"The flash print is likely to edge down in November from 50.4 in October as China’s electricity production growth remains lacklustre this month after declining to 1.9% yoy last month from 4.1% yoy gain in September. In addition, the print could be undermined by the “APEC Blue” to some extent as Beijing closed factories in the city and five neighbouring provinces both before and during the APEC meeting running on 5-11 November."
Key Quotes
"The flash print is likely to edge down in November from 50.4 in October as China’s electricity production growth remains lacklustre this month after declining to 1.9% yoy last month from 4.1% yoy gain in September. In addition, the print could be undermined by the “APEC Blue” to some extent as Beijing closed factories in the city and five neighbouring provinces both before and during the APEC meeting running on 5-11 November."