Hey there! Guess what? China’s factories are getting busier! 🏭✨ In February, a special number called the Manufacturing PMI reached 50.2. But what does that mean?
PMI stands for Purchasing Managers’ Index. It’s like a report card showing how busy factories are. If the PMI is above 50, it means factories are growing and making more stuff. Below 50 means they’re slowing down.
In January, the PMI was lower. But after the Spring Festival (that’s China’s big holiday, like New Year’s!), people went back to work. Zhao Qinghe, a smart statistician from the National Bureau of Statistics, said that factories started working again after the holiday, and business is picking up!
Two important parts of the PMI, called Production and New Orders, also went up! Production reached 52.5, and New Orders hit 51.1. 📦 That means factories are making more things, and more people are ordering them!
Not just manufacturing, but other businesses are doing better too. The Non-Manufacturing PMI went up to 50.4, and the overall Composite PMI is now 51.1.
All these numbers show that China’s economy is growing again after the holiday break. 🎉 It’s like the country is waking up from a nap and getting ready to run fast!
Reference(s):
cgtn.com
