A recent batch of weak Chinese economic indicators, including a manufacturing activity survey on Friday, raised the prospect Beijing will roll out more measures. The HSBC/Markit Flash Manufacturing Purchasing Managers' Index survey showed China's manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy.
The HSBC/Markit Flash Manufacturing Purchasing Managers' Index (PMI) hovered at 49.8 in January, little changed from December's 49.6 and just below the 50-point mark that separates contraction from growth on a monthly basis.
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