China Manufacturing PMI dips to 49.4, Non-Manufacturing buoys to 53.8

China's NBS Manufacturing PMI for December slid to 49.4, falling past the forecast 49.0 and contracting over the previous month's 50.0 reading as manufacturing in China continues to slip.

Despite the missed manufacturing read, Chinese Non-Manufacturing PMIs for the same period improved, ticking into 53.8 from the previous 53.4, which should help to keep Pacific investors upright.