China's manufacturing expected to decline this month

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
According to managers' preliminary purchasing index Chinese manufacturing industry is expected to face contraction as home sales drop. This month index of 48 estimated by Markit Economics and HSBC Holdings Plc is 3 points less than in previous month. Any estimate below 50 denotes contraction. Analysts say the fall of the index is caused by a 25% decline in home sales last month.

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