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That is half a percent difference with the strong reading of the manufacturing base. Reaction tot is a pmi. The crucial figure to figure out is data. [indiscernible] china above the gain line. Hong kong above the gamelan. And look at australia. Those thanks to the pmi. Data from china has been high on the agenda for our guests this morning. The economy is generally in good health. Fairly broadbased improvement. There was a rebound in output. We saw a continued expansion in export orders and an acceleration in new orders in general. Since the economy it seems the economy has turned the corner. There will be questions over the sustainability and the general strength of the recovery. Richard gibb is mccourys head of economics. He is less optimistic. We are not impressed really by the many stimulus and the very targeted [indiscernible] we think it will need to be broad base. And more concerned about chinas sluggish receptor. Property sector. A very interesting point is we are entering an i

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