PMI down, volatility remains in China stocks as HNWIs stay clear

1 September 2015 | 2 minutes read

Private bank clients would rather sit on declining global assets than risk volatility in Chinese equities, say market players. This comes on the back of a monthly dip in China’s latest Purchase Manager Index (PMI), released today by the National Bureau of Statistics of China. The PMI slid to 49.7 last month, against 50 in July – the lowest mark since August…

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