CCTV News: Data released by the National Bureau of Statistics and the China Federation of Logistics and Procurement on March 1 showed that in February, China's manufacturing purchasing managers' index (PMI) rose to 50.2%, returning to the expansion range; the non-manufacturing business activity index was 50.4%, up 0.2 percentage points from the previous month, and the non-manufacturing industry continued to expand.

In February, as enterprises resumed work and production and operation activities accelerated. The manufacturing purchasing managers index rebounded significantly to 50.2%, up 1.1 percentage points from the previous month. The production index and the new order index were 52.5% and 51.1%, respectively, up 2.7 and 1.9 percentage points from the previous month, both rising to the expansion range, and manufacturing industry demand improved significantly. The purchase price index of major raw materials was 50.8%, up 1.3 percentage points from the previous month. In addition, after the Spring Festival, large enterprises resumed work and production progress was relatively fast, and the prosperity level rebounded significantly. The PMI of large enterprises was 52.5%, up 2.6 percentage points from the previous month, returning to the expansion range.

Huo Lihui, director of the Enterprise Prosperity Department of the Service Industry Survey Center of the National Bureau of Statistics, introduced that the PMI in key industries has rebounded to varying degrees, among which the equipment manufacturing industry and high-tech manufacturing industry PMI are in the expansion range. Related industries have recovered well after the holiday, and the PMI prosperity level of high-energy-consuming industries and consumer goods industries has also improved. The expansion of non-manufacturing industry accelerates, and the construction industry's business activity index rebounds significantly

The non-manufacturing industry's business activity index rebounded slightly. The business activity indexes in industries such as air transportation, postal services, telecommunications, radio and television, satellite transmission services, monetary and financial services, capital market services, etc. are all in a high prosperity range of more than 55%.

As the weather in some areas warms after the Spring Festival, investment projects start one after another, and enterprises gradually resume production, the construction business activity index rose to the expansion range, at 52.7%, an increase of 3.4 percentage points from the previous month. Among them, the business activity index of the civil engineering construction industry was 65.1%, a significant increase.

He Hui, vice president of the China Federation of Logistics and Procurement, introduced that after the Spring Festival, investment-related demand has been released in a concentrated manner, construction companies have accelerated their resumption of work, and construction activities have shown an accelerated trend. Changes in sub-industry shows that infrastructure investment activities have been released particularly fully.