In January this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.5, remaining stable compared to the final reading for December, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, said that the Chinese manufacturing industry was performing well at the beginning of the year, while more attention still needed to be paid to the demand situation.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.3 percent in January, down 0.3 percentage points compared to the previous month.