ANZ on the 2 China manufacturing PMI's: GDP growth in Q4 unlikely to have improved from Q3

Who was around on New Year's Day? ICYMI, the official China manufacturing PMI came in at 49.7

Pre-empting somewhat the poor performance from today's private-sector manufacturing PMI ( China - Caixin Manufacturing PMI for December: 48.2 (expected 48.9))

ANZ have weighed in, saying the evidence from both indicates GDP growth in Q4 is unlikely to have improved from Q3:

Hard to disagree with them. Some indicators have been stabilizing, but that probably the best that can be said for China growth. Hmmm, and even that's likely to be a stretch I reckon.