In November this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) decreased to 50.0 - the lowest level of the past six months, down from October's final reading of 50.4, as announced by the HSBC on November 20.
Hongbin Qu, the HSBC's chief economist for China, said that disinflationary pressures remain strong in the Chinese economy, while the labor market has showed further signs of weakening. Meanwhile, uncertainties exist in the real estate market and with regard to exports. The HSBC official said that growth still faces significant downward pressures and that more monetary and fiscal easing measures should be implemented.