China official July Manufacturing PMI 49.3 (vs. expected 49.2) & Services 51.5

China official PMIs for July from the National Bureau of Statistics (NBS):

Manufacturing 49.3, remained in contraction for the fourth straight month

• vs. expected 49.2, prior 49.0

Non-manufacturing 51.5

• vs. prior 53.2

Composite 51.1

• prior 52.5

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There will be more stimulus announced for China later today:

• China to announce more stimulus measures on Monday, Beijing time