What's news

Govts & policies

Caixin manufacturing PMI rises to 51.7

Expansion in China's manufacturing activity gained momentum in February as producers revved up output to meet an increase in new orders that were mainly bolstered by rapidly growing foreign demand, an industry survey sponsored by Caixin showed on Wednesday. The Caixin China General Manufacturing Purchasing Managers' Index rose to 51.7 last month from 51.0 in January. The February reading tied with that recorded in July 2014 as the second-strongest in more than four years. The official manufacturing PMI came in at 51.6 percent in February, 0.3 percentage points higher than that recorded in January, according to data released on Wednesday by the National Bureau of Statistics.