Upbeat China Aug flash HSBC PMI points to stabilising growth


BEIJING:  Activity in China's vast manufacturing sector hit a four-month high in August as new orders rebounded, a preliminary private survey showed on Thursday, reinforcing signs of stabilisation in the world's second-largest economy.

The Flash HSBC Purchasing Managers' Index rose to 50.1 from July's final reading of 47.7, which was the weakest in 11 months.

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