Part 3/11:
One of the primary metrics used to gauge China's manufacturing health is the Purchasing Managers' Index (PMI). Currently, PMI data indicates that both state-owned enterprises and smaller firms are hovering around the 50 mark— the threshold between expansion and contraction. While a PMI above 50 suggests growth, the struggle to stay firmly above this level signals ongoing difficulties within the manufacturing sector, which is vital for China's export-led growth engine.