Today on Zerohedge, I learnt that the official China PMI was 53.1 in March 2012, while the HSBC China PMI was 48.3. This has been the second highest divergence since 2008. I wonder why this big difference is occuring and who is to believe. China or HSBC?
To find out, go to: Divergence in China PMI.
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| Chart 1: China PMI VS HSBC PMI |
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