2017 Nian 11 months, China’s manufacturing purchasing managers index ( PMI ) was 51.8% , last month rose 0.2 percent, the manufacturing sector continues to steadily maintain the momentum of development.
According to the scale of the enterprises, the PMI of large enterprises was 52.9% , slightly down 0.2 percentage points from the previous month and continued to operate smoothly in the expansion range. The PMI for medium-sized enterprises was 50.5% , up 0.7 % from the previous month and returning to the critical point ; PMI for small business was 49.8% , up 0.8 percentage points from the previous month and approaching the critical point.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
