HSBC China Manufacturing PMI Weaker Than Expected by PRAGMATIC CAPITALISMJanuary 30, 2014April 15, 2020096 China’s economy might be weaker than many presume. This evening the HSBC China Manufacturing PMI missed at 49.5 after the flash PMI of 49.6 and Credit Suisse sees 2014 GDP falling to 7.3% from their prior estimate of 7.7%.