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China Market surges on policy support hopes; eyes on NPC session
The official manufacturing purchasing managers' index (PMI), compiled by the National Bureau of Statistics (NBS), fell to 49.1 in February from 49.2 in January. However, a survey by the Caixin/S&P Global released just after the official PMI showed manufacturing activity expanded steadily at 50.9, up from 50.8 in January. Taken together, the PMIs highlighted an uneven economic recovery, maintaining pressure on authorities as markets clamor for bolder stimulus measures and reforms to safeguard China's long-term growth potential.
