Shanghai, China – China’s manufacturing sector saw growth in February, according to official data released by the National Bureau of Statistics (NBS). The Purchasing Managers’ Index (PMI), a key indicator of industrial activity, recorded a reading of 50.2, surpassing the 50-point threshold that separates expansion from contraction.
The February figure marks an increase from January’s PMI of 49.1, when factory activity contracted for the first time in four months. The NBS attributed the improvement to the gradual resumption of business operations following the Chinese New Year holiday.
Meanwhile, the non-manufacturing PMI, which measures activity in the services sector, stood at 50.4 in February.
China’s economy continues to navigate challenges, including weak domestic demand and a prolonged property sector downturn. Additionally, trade tensions remain a concern as new U.S. tariffs on Chinese imports take effect.
The Chinese government is set to address economic policy at the upcoming “Two Sessions” meetings, where analysts anticipate discussions on strategies to manage trade uncertainties and stimulate growth.
Zhiwei Zhang, chief economist at Pinpoint Asset Management, noted that the potential impact of additional U.S. tariffs remains uncertain and could affect China’s export outlook in the coming weeks.
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