The flash estimate for December's HSBC China PMI rises to 49 from the previous month's 47.7....

|By:, SA News Editor

The flash estimate for December's HSBC China PMI rises to 49 from the previous month's 47.7. "The growth momentum remains weak with additional downside risks from exports and the property market not yet fully filtering through," says HSBC's chief China economist. Beaten down Shanghai shares get a nice bounce from the number, but remain lower by 1.1% on the session.