China Manufacturing PMI Slides to 51.0 in January: Caixin Survey

By Fran Wang

(Beijing) – Manufacturing activity in China expanded at a slower pace in January on weakened growth in domestic demand, even though new exports increased at the strongest pace in more than two years, an industry survey sponsored by Caixin showed Friday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which is closely watched by investors as one of the first available indicators every month that reflects the strength of the Chinese economy, stood at 51.0 last month, down from 51.9 in December.

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