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.
|Chart 1: China PMI VS HSBC PMI|