Markets sighed with relief at the gloomy economic data coming out of China yesterday. True, the purchasing managers’ index published by HSBC fell to 48.2 in June, a nine-month low. Yet, after last month’s cash crunch, in which interbank rates spiked to double-digit levels, investors had braced for even bleaker news. The stock market in Shanghai was unmoved, closing the day up 0.8 per cent.
中國昨日傳出的黯淡經濟數據讓金融市場松了一口氣。沒錯，匯豐(HSBC)發布的6月采購經理指數(PMI)跌至48.2的九個月低位。然而，在上月發生“錢荒”、其間銀行間拆借利率飆升至兩位數水平之后，投資者此前準備迎接更加悲觀的消息。上海股市幾乎沒有任何反應，收盤微升0.8%。
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