China’s factory activity grows at fastest pace since October, private survey shows, beating official reading
By CNBC
February 7, 2026, 1:29 PM EST
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Lianyungang, Jiangsu Province (CNBC) — China’s factory activity accelerated in January, with the RatingDog China General Manufacturing PMI reaching 50.3, indicating expansion. Production increased as new orders rose, particularly from overseas buyers in Southeast Asia. However, business confidence dropped to a nine-month low due to rising costs and inflation pressures.
Growth Concerns and Official Data
Economists warn of deflationary pressures in China’s economy, with retail sales slowing and fixed-asset investment declining. Despite measures to lower financing costs, growth momentum remains weak. Chinese officials are expected to announce the official growth target for 2026 in March.
