In January 2021, China's Manufacturing Purchasing Managers Index (PMI) was 51.3 percent, down by 0.6 percentage point from last month, which was above the threshold for eleven consecutive months, indicating that the manufacturing industry continued to expand, but the pace slowed down.

In January, the non-manufacturing business activity index was 52.4 percent, which was 3.3 percentage points lower than that of last month, and was above the threshold for 11 consecutive months, indicating that the non-manufacturing industry maintained a recovery trend, but the momentum slowed down.

(Source: National Bureau of Statistics)