China NBS Manufacturing PMI in line with expectations (49.7) in August

China's official PMI for the month of August came in 49.7 vs 49.7 exp, while non-manuf came in at 53.4 vs 53.9 last. AUD has popped over 20 pips higher, only to give back much of the gains ahead of the key China's Caixin PMI reading at 1.45GMT.