Gain in Chinese PMI lessens hopes for monetary loosening

Note: This section contains information in English only.
Source: Bloomberg
An improvement in Chinese manufacturing activity in March weakened the probability the government will apply policy easing despite HSBC report which showed exporters are facing difficulties. The official PMI reached 53.1 in March or a one-year record high, said government on Sunday. In contrast HSBC and Markit Economics PMI gauge suggested manufacturing activity contracted previous month. 
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