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China's manufacturing PMIs likely rebounded in October

China's manufacturing PMI for October to be released on 1st November. The official manufacturing PMI is expected to rise back above 50 in October, from 49.7 in September, said Societe Generale in a research note. This has become harder to forecast now that the flash PMI readings are no longer being released. 

However, policy easing has clearly stepped up recently. In particular, increased funding support to public investment should start to benefit the manufacturing sector.

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