China manufacturing contracts for 11th month He said the effects of the loosening measures authorities have taken in response to slowing economic growth should start to kick in during the next quarter. "The recent easing measures should be working to lead to a modest improvement from the fourth quarter onwards," he said in the statement. HSBC said final PMI figures for the month will be released on September 29. Authorities this year have tried to boost the economy with interest rate cuts and by lowering the amount of cash banks must keep on hand in a bid to spur the kind of lending that could stimulate stronger growth. China's economic growth slowed to 7.6 pc in the three months through June, the sixth straight quarter of weakening expansion and the worst result since the height of the global financial crisis. Weak economic data in the current third quarter have raised fears China's growth may have slowed for a seventh straight quarter when gross domestic product figures are released next month. Problems in the broader global economy, including Europe's prolonged debt crisis and a sluggish recovery in the United States - both major trading partners for China - have weighed. Premier Wen Jiabao said in a speech this month that China is still likely to achieve its annual economic growth target of 7.5pc. Even so, that would mark a significant slowdown from 9.3pc growth in 2011 and 10.4pc in 2010.