China PMIs for January: Manufacturing 49.8 (vs. prior 50.1) & Non-manufacturing 53.7 (vs. prior 54.1)

Manufacturing PMI for January, 49.8

• prior was 50.1

Non-manufacturing PMI for January, 53.7

• prior was 54.1

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I posted this earlier in the weekend on the yuan: Will the People’s Bank of China push back more assertively against the weak yuan?