China's Manufacturing Activity Expands in February

According to the latest report from the China Federation of Logistics and Purchasing (CFLP), China's National Bureau of Statistics (NBS) Purchasing Manager's Index (PMI) for February stood at 50.2, indicating an expansion in the country's manufacturing activity. This marks an increase from January's figure of 49.1, signaling a positive shift in the sector's performance.

Non-Manufacturing Sector Also Sees Growth

In addition to the manufacturing sector, the non-manufacturing PMI, which measures the activity level of China's service sector, also experienced growth. It rose to 50.4 in February from 50.2 in January, further highlighting the overall economic recovery in China.