HSBC China PMI Fell for 11th Month, 47.9 in Sept.
That compared with a flash reading of 47.8 in September and a final reading of 47.6 in August, which may somewhat easy concern over a sharp slowdown in the world's second-economy.
The flash Purchasing Mangers' Index (PMI) issued by HSBC Holdings rose to 47.8, from August's final of 47.6.
In the short term, such stimulus packages could help shore up a high growth, but they may have grave consequences in the long run as the weaknesses are exposed, Mr. Wu concluded.
China's Vice Premier Li Keqiang played down the country's role in driving global recovery, as he stressed difficulties the world's second-largest economy are facing and mutual dependence among countries.
China posted a wider-than-expected trade surplus in August with an unexpected decline in exports, propping up speculations of anemic domestic demand in the slowing economy.
Possibilities of an upward trend could be ruled out before the global economy escapes from the current mire, the survey showed.