China's official PMI, which focuses on larger state-owned enterprises, edged up to 51.1 in September from 51 in August but missed consensus of 51.5. The tepid growth in the print follows disappointing HSBC PMI data, which concentrates on smaller privately owned firms, and adds to concerns that China's economic recovery might not be all that. Chinese markets are closed for a week's holiday, so any reaction will be fairly delayed.
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