In February, China's manufacturing new momentum showed an overall stable growth trend

National Bureau of Statistics Service Industry Survey Center and China Federation of Logistics & Purchasing released China’s Manufacturing Purchasing Managers’ Index (PMI) for February today. In February, the manufacturing sector’s prosperity level slightly declined. Data shows that under the influence of seasonal factors like the Spring Festival, manufacturing activity slowed down, but positive changes are still accumulating. China’s manufacturing PMI for February was 49%, down 0.3 percentage points from the previous month.

Looking at major sub-indices, both the production index and new orders index declined, indicating that enterprise production and market demand have both slowed.

In terms of industries, the production and new orders indices for sectors such as agricultural and sideline food processing and computer, communication, and electronic equipment remain above the critical point, maintaining expansion in production and demand.

Additionally, in February, China’s new growth drivers in manufacturing continued to show an overall stable and increasing trend. High-tech manufacturing maintained rapid expansion, with a PMI of 51.5%, remaining in the expansion zone for 13 consecutive months. The new orders index stayed above 51%, and the production index operated above 54%, indicating steady growth in market demand and faster production activities in high-tech manufacturing. (CCTV News)