Salient to Investors:
HSBC’s Flash PMI shows China’s manufacturing is expanding at the slowest pace in 4 months. Zhang Zhiwei at Nomura said the report casts some shadow over China’s recovery.
Qu Hongbin at HSBC said the recovery’s underlying strength is still intact, as indicated by expanding employment and pickup of credit growth.
The median analyst expects growth to accelerate to 8.2 percent in Q1 2013.
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