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Tuesday, October 2, 2012

Chinese manufacturing sector remains in contraction.

 September's official PMI of 49.8 improved from last month's 49.2, but fell short of expectations for 50.1. The HSBC PMI read - which represents smaller companies less likely to benefit from state ownership/support - continues to show greater weakness, coming in at 47.9, up from August's 47.6.

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