The purchasing managers' index for China's manufacturing sector came in at 50.2 in February, up from 50.1 in January. A reading above 50 indicates expansion, while a reading below it reflects contraction. The bureau said the manufacturing sector picked up recovery after the Spring Festival.
“The authorities have issued policies to help the recovery of the economy,” said XIAO Zhangyu of Cinda Securities. “The real estate market is also reviving which brought more orders to the manufacturing sector.”
PMI for China's non-manufacturing sector came in at 51.6 in February, up from 51.1 in January.
