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MNI Survey Of China Economic Forecasts: CFLP PMI

                        CFLP Mfg PMI
------------------------------------
                                July
Median Forecast                 51.5
High Forecast                   51.9
Low Forecast                    51.2
Mean                            51.6
No. of Reponses                   10
Previous Report                 51.7
Capital Securities              51.2
Industrial Bank                 51.3
ANZ                             51.5
Bank of Communications          51.5
Shanghai Securities             51.5
Shenwan Hongyuan                51.5
Morgan Stanley                  51.7
Natwest                         51.8
Standard Chartered              51.8
Societe Generale                51.9
     ** Note: The survey median is compiled solely from the forecasts listed
above and is not intended to represent a market consensus.
     The CFLP Manufacturing PMI is scheduled for release at 0900 CST (0100 GMT)
on Monday, July 31.

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