Workers weld acid batteries on Monday, October 7, 2024 at the Leoch International Technology Ltd. factory in Saltillo, Coavila, Mexico.
Mauricio Palos | Bloomberg | Getty Images
China’s factory activity expands its fastest pace in three months to 50.8 February, A private sector survey shows Millions of migrant workers return to work after extending the Lunar New Year holiday.
The seasonally adjusted Caixin/S&P Global Manufacturing Purchasing Managers Index beat Reuters’ poll forecast at 50.3, accelerating from 50.1 in January and 50.5 in December.
Private sector manufacturing PMI has remained above 50 thresholds since October last year, which separates expansion and contraction.
A private survey on Monday followed by Officially manufactured PMI Released on Saturday, it also shows that China’s factory activity in February expanded at the fastest pace in three months.
Official PMI upgraded to 50.2 on January 49.1 in February,,,,, According to the National Bureau of Statistics. Non-manufacturing PMI, including services and construction, also climbed to 50.4 from 50.2 in January.
The figures are marked by economists, fresh U.S. tariffs could put pressure on the country’s manufacturing activity, while exporters this year have exported because exporters who are worried about the tariffs going into effect are eager to load their goods.
U.S. President Donald Trump announces imposition last week Additional tariffs on Chinese goods – Outside of 10% levy from China on February 4.
Trump has threatened to have 60% tariffs on China during his campaign.
The additional tariff plan will take effect on March 4, with Highly anticipated annual gathering In Beijing, Chinese authorities are expected to reveal economic goals and new policy support.
The leader is expected to acknowledge a significant softening of domestic demand while revealing much-anticipated details of fiscal stimulus aimed at boosting growth amid rising trade tensions.
Ministry of Commerce of China U.S. is urged to resume Friday While warning of retaliation, negotiate as soon as possible.
The slow growth of the world’s second-largest economy has made exports the main driver of growth amid domestic demand and extended real estate recession.
