This is the official China PMI, the unofficial (but still closely heeded) Caixin Manufacturing PMI is due at 0145GMT

Official Manufacturing PMI, comes in at 50.4 BEAT

  • expected 49.8, prior 49.9
  • Moves into 'expansion' and provides a piece of evidence for some degree of stabilisation in the economy ... and note it comes even after credit growth has slowed and the PBOC has held back from interest rate cuts. Eyes now on the Caixin figure due at 0145GMT for confirmation (or not, as the case may be)

official Non-manufacturing PMI comes in at 53.5 DOWN ON PRIOR

  • prior 53.9

more to come