We had the official PMIs earlier:

China official February manufacturing PMI 50.2 (expected 49.9 )

The Caixin survey is the 'unofficial' PMI and is a survey that tends to skew away from SEOs and more towards less huge firms.

Form the report:

Key findings:

  • Output returns to growth amid quickest rise in new work for eight months
  • Pandemic continues to weigh on export sales
  • Business confidence picks up to highest since last June