In August this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.6, increasing from the Caixin PMI final reading of 51.1 for July, creating the highest level since February, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with the China Economic and Business Monitor (CEBM), part of Caixin Insight Group, commented that operating conditions in the Chinese manufacturing sector improved further in August, while he also mentioned that the quickly rising trend in prices will exert a negative impact on the middle industry.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.7 percent in August, up 0.3 percentage points compared to the previous month.