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Published on Wednesday, March 1, 2017 | Updated on Monday, June 19, 2017

February PMIs show the recovery gains momentum while headwinds loom large

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Summary

China’s official manufacturing PMI (released by NBS today) picked up to 51.6 in February from 51.3 in January, well above market expectations (Consensus: 51.2).Both of the manufacturing PMI outturns have been above the 50 watershed level in 7 consecutive months since last August , suggesting the economic recovery continues with a solid pace.