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MNI (Singapore)

The China Purchasing Managers' Index (PMI) edged up to 50.2 in February from January's 50.1, remaining in the expansion zone above 50 for the fourth straight month, as manufacturing activities resumed well after the Spring Festival holiday, data from the National Bureau of Statistics on Tuesday showed.

Though the production sub-index slowed by 0.5 percentage points to 50.4 on holiday, the new order sub-index rebounded 1.4 points to 50.7 as demand accelerated after the holiday. New export orders rebounded slightly to 49.0 from 48.4.

The non-manufacturing service index rose by 0.5 points to 51.6, as the services industry rebounded on holiday spending. And the construction industry is expected to improve amid the government's infrastructure push.


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