Chinese industrial production under stress, hopes of improvements in H2 2015

Manufacturing production and revenues are most likely remained under pressure given sluggish domestic demand and the ongoing slowdown in total investment growth. Continued deflation is pretty much to have increased manufacturers' funding costs, as a result eroded their income margins.

As China is all set to announce the official manufacturing PMI for April on 1 May. We look ahead for a moderated to 50.0 from 50.1 in March and the number reflecting still weak underlying momentum in the manufacturing sector.

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