Hey there! 👋 Guess what? China’s factories have been super busy lately! For three months in a row, they’ve been making more and more stuff.
But how do we know this? There’s something called the PMI, which stands for Purchasing Managers’ Index. Think of it like a report card for factories. 📋 If the score is above 50, it means factories are doing well and making more things. If it’s below 50, it means they’re slowing down.
In December, China’s PMI was 50.1! That’s just over the line, but it means they’re still growing. Even better, they’ve been above 50 for three months now. 🙌
Not only that, new orders went up too! That means more people are asking for things to be made. Exports are improving as well, which means other countries are buying more products from China.
Fun fact: The PMI for equipment manufacturing was 50.6, and it’s been growing for five months straight! This might be because of cool things like government policies and upcoming festivals where people buy lots of stuff. 🎉
Why should you care? Well, when factories are busy, it shows that the economy is doing well. People have jobs, new things are being made, and there’s a balance between what’s being produced and what’s being bought.
So, China’s economy seems to be on the rise! 🌟 Isn’t that exciting?
Reference(s):
cgtn.com
