China PMIs today a mixed result - recap

Official China PMIs for December results were out earlier, the data is here:

• China December Manufacturing PMI: 49.4 (vs. expected 50.0)
• China Non-manufacturing PMI for December: 53.8 (vs. expected 53.2)

For the more closely watched manufacturing PMI;

• New export orders contracted for a seventh straight month, to 46.6 from the previous month's 47.0

Reuters have more here

And, via Bloomberg:

• "The slowdown will continue into the next year," said Larry Hu, a Hong Kong-based economist at Macquarie Securities Ltd. "The weak PMI could result in more government stimulus to shore up the economy."