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The performance shown by the Caixin......>

CHINA DATA
CHINA DATA: The performance shown by the Caixin PMI index - which focuses more
on smaller and medium-sized companies - was at odds with the official
manufacturing PMI jointly released on Saturday by the China Federation of
Logistics and Purchasing and the National Bureau of Statistics. The CFLP/NBS PMI
rose to 51.5 in March due to rising demand and strong production. Caixin PMI,
however, fell to 51.0 in March from 51.6 in February, which suggests external
demand has been sluggish, and the overall rise in demand is not as strong as
expected. Zhong Zhengsheng, the chief economist at CEBM, expected a mild
slowdown in the Chinese economy in March. However, both PMI reports showed that
business sentiments are very positive.

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