China’s Manufacturing Sector Expands on Uptick in Overseas Demand, Caixin PMI Shows

Activity in China’s manufacturing sector expanded in February for the fourth straight month, with growth in overseas demand reaching a 12-month high, a Caixin-sponsored survey showed Friday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the sector, edged up to 50.9 in February from 50.8 the previous month. A reading above 50 signals an expansion in activity, while a number below indicates a contraction.