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Here Comes HSBC China PMI...

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HSBC China manufacturing PMI for March is out at 9:45 p.m. ET.

Economists polled by Bloomberg are looking for PMI to hold steady at 48.1. A reading below 50 indicates contraction.

The current reading puts manufacturing at an eight-month low. Moreover the weakness in the report was broad-based.

HSBC economist Hongbin Qu has previously said that he expects that policymakers would announce measures to stabilize growth.

SEE ALSO: 5 Questions About The Renminbi You Were Too Embarrassed To Ask

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