China announced official Purchasing Managers’ Index at 51.7 in August vs July’s 51.2.  “The small rebound in August PMI shows that the Chinese economy will not undergo a sharp decline,” said CFLP analyst Zhang Liqun. PMI reading above 50 indicates expansion in manufacturing activity, while reading below 50 indicates contraction. The rise in August PMI eased concerns over possible slowdown in country’s 2H growth.