China: Flash Caixin manufacturing PMI for July: 48.2 (vs. 49.7 expected)

China: Flash Caixin manufacturing PMI for July

Formerly known as the HSBC China Manufacturing PMI ... but now naming rights have gone to Caixin

Anyways ...

Caixin China manufacturing PMI, flash for July comes in at 48.2

• expected 49.7, prior was 49.4

Very poor result.... AUD sold off immediately

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Aaaaand ... competition time

How is this (ever so tenuously) related?