China’s dubiously managed economic data is going to find the next few months a challenge. Take today’s January PMIs. Manufacturing eased a touch:
In January 2020 , China’s manufacturing purchasing manager index ( PMI ) was 50.0% , a slight decrease of 0.2 percentage points from the previous month .
From the enterprise scale, large enterprises PMI was 50.4% last month fell 0.2 percentage points, medium-sized enterprises PMI was 50.1% , last month fell 1.3 percentage points, large and medium-sized enterprises PMI are located above the critical point; small business PMI It was 48.6% , an increase of 1.4 percentage points from the previous month and still below the critical point.