In February this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 48.0, declining from the Caixin PMI final reading of 48.4 for January this year, as announced by Beijing-based Caixin media group on March 1.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 49.0 percent in February, down 0.4 percent compared to the previous month.