Economists at Standard Chartered provide key insights into the official Chinese Manufacturing PMI report released on Wednesday.

• “Official manufacturing PMI edged down to lowest level since February on slower production activity.
• Trade performance likely deteriorated, with related PMI sub-indexes falling to lower levels.
• Real activity growth may have moderated; CPI inflation likely edged up further to a 7-year high.
• We expect money growth to have eased in October, credit growth to have stayed flat.”