January’s purchasing managers’ index (PMI) rose to 50.1, from 47.0 in December, according to China’s National Bureau of Statistics.
Growth in the country is expected to increase significantly this year as a result of the lifting of pandemic restrictions – to 5.2 percent, followed by 4.5 percent next year, according to the International Monetary Fund’s growth forecast.
China’s economy grew just three percent last year, which was the slowest growth rate in four decades if you exclude the pandemic year of 2020.