General

Import and export data showed that in January, China's manufacturing purchasing managers' index (PMI) was 50.1%, up 3.1 percentage points from the previous month, rising above the critical point, and the level of manufacturing prosperity was significantly rebounded.

According to import and export data, in January, as the epidemic prevention and control entered a new stage, the order of production and life was gradually restored, and the PMI of the manufacturing industry rose to 50.1%, returning to the expansion range. Among the 21 industries surveyed, 18 were higher than last month.

Import and export data show that both supply and demand have improved simultaneously. In January, the production index and the new order index were 49.8% and 50.9% respectively, 5.2 and 7 percentage points higher than that of the previous month. The production and demand boom of the manufacturing industry has obviously warmed up, but affected by the Spring Festival holiday, the production improvement is less than the market demand.

PMI of enterprises of all sizes rebounded. In January, the PMI of large, medium and small enterprises was 52.3%, 48.6% and 47.2% respectively, 4, 2.2 and 2.5 percentage points higher than that of the previous month, and the prosperity level of enterprises of all sizes has rebounded. The import and export data showed that the proportion of large, medium and small enterprises reflecting the shortage of labor supply was less than 11%, which was significantly lower than that of the previous month. The situation of staff shortage restricting production was eased.

Corporate confidence has increased significantly. According to import and export data, in January, the expected index of production and operation activities was 55.6%, 3.7 percentage points higher than that of the previous month, and rose to a higher boom range. Enterprises have good expectations for the recovery and development of the market in the near future.