the answer came before the data)

China Caixin Manufacturing PMI fell to 48.3 in January, the lowest since February 2016

Data here:

Here is the behavior of the Australian dollar, brought to a one minute chart. I circled the time of the publication of PMI:

Go ahead, tell me that this data point was not on the market well before the official time of withdrawal.

Who flees.

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On another subject altogether.

The official manufacturing PMI of yesterday has shown a contraction. PMi today has shown a contraction even worse.

Note that the current PMI, Caixin, represents a larger number of private companies than the NBS PMI. The NBS PMI has a large representation of state-owned enterprises (SOEs). I reported it in my previous overview.

The fact is that the government can encourage state enterprises to do more to support the economy. this is not the case with the entry points. therefore, the two PPMIs can often differ significantly, as they did here.

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