Decline in HSBC PMI suggests Chinese GDP growth could decline below 7% y/y in Q1 – Danske

With China’s HSBC manufacturing PMI declining below consensus to 49.2, Senior Analyst at Danske Bank, Flemming J. Nielsen, views that the government’s 7% GDP growth target for 2015 looks difficult to achieve.
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Germany Markit Manufacturing PMI above forecasts (51.5) in March: Actual (52.4)

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