HSBC's China Manufacturing PMI Comes In Light

HSBC's final August China manufacturing PMI came in light at 50.2. Expectations were for the reading to come in at 50.3, unchanged from the "flash" reading reported earlier this month.  This is also lower than 51.7 report in July, which was an 18-month high. A reading above 50 indicates expansion in the economy, while a reading under 50 would indicate contraction.  Following the report, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: "The HSBC China Manufa...