In April this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.1, up 0.1 percentage point compared to the final reading for March, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, commented that uncertainty in exports has increased significantly and that the dependence of the Chinese economy on domestic demand is rising.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.4 percent in April, down 0.1 percentage point compared to the previous month.