China's Caixin Manufacturing PMI jumps to 50.9 in December, a big beat

China's December Caixin manufacturing PMI came in at 50.9 vs. 50.0 expected and November’s 49.9, showing that the country’s production increases at quickest rate for a year.

China's official manufacturing PMI on Friday expanded to 50.3 in December from 50.1 booked in November and against 50.1 expected, the National Bureau of Statistics (NBS) reported.