Recapping the China official PMIs - manufacturing moved into expansion

All three of China's official PMIs are now in expansion:

• China Manufacturing PMI for November 50.1 (expected 49.6)

Via Bloomberg a bit of a recap of the data, main points:

• the impact of a power crunch subsided (coal producers boosted output and inventories rose)
• inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures eased
• chief economist for Greater China at ANZ: "activity seems to be reactivated, thanks to government relaxation measures supporting property projects"

More at the link(may be gated)

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Good news for China is a positive input for the Australian dollar.