Analyst on China PMI - wait and see ….

Commerzbank on the China PMI data earlier in the session:

• we still want to wait for the next month's reading as this month's is distorted by the holiday
• the economy could stabilize this month
• Rising input prices suggest that there is no need to worry about deflation

A more optimistic take is here:

• Here's the optimistic view on today's China PMIs

Others:

• China PMIs for February - ugly results
• China Feb Manufacturing PMI 49.2 (vs. 49.5 expected)