China's manufacturing recovery loses momentum, Caixin PMI shows

Slowdown partly due to renewed drop in export orders amid resurgence of COVID epidemic

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The Caixin China General Manufacturing Purchasing Managers' Index, which gives an independent snapshot of the country's manufacturing sector, dropped to 51.5 in January from 53 the previous month. © Reuters

LUO MEIHAN, Caixin

February 1, 2021 15:16 JST

China's manufacturing recovery continued to lose momentum in the first month of 2021 as supply-and-demand growth slowed amid the coronavirus pandemic, a Caixin-sponsored survey showed.

The Caixin China General Manufacturing Purchasing Managers' Index (PMI), which gives an independent snapshot of the country's manufacturing sector, dropped to 51.5 in January from 53 the previous month, according to a report released Monday.