According to a statement issued on Monday, the RatingDog China manufacturing purchasing managers index increased to 50.3 from 50.1 in December.
China’s economy has been losing speed in recent months, and there are few indications that policymakers plan to implement significant stimulus while they continue to combat debt-related problems stemming from local governments in provinces.
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For the first time in four years, Beijing may even lower the country’s economic target, and President Xi Jinping has already indicated that slower growth in some areas may be more acceptable.
Last year, China’s GDP increased by 5% as record exports offset declining private consumption and an unprecedented decline in investment.
The private survey’s findings were more optimistic than the official reading that was made public over the weekend. According to the survey, China’s factory activity unexpectedly declined last month after ending its worst contraction run ever in December.
Activity in smaller, more export-focused businesses is typically reflected in the private survey. Due to the continued strength of exports, the RatingDog survey findings have generally outperformed those of the official poll in recent months.
(Edited by : Juviraj Anchil)
