Chinese economy returns to growth despite some setbacks

Chinese industrial activity saw an expansion in the month of February through the better quality of new orders, the which revealed the invulnerability of the largest economy in Asia, which is under pressure due to the Russian invasion of the territory Ukrainian.

The National Bureau of Statistics published, this Tuesday, the Purchases scored, in February, 50.2 points above the 50-point mark that separates contraction.

Analysts were waiting for the PMI to drop to 49.9

China's economic numbers showed a significant improvement in the face of the global crisis that the Covid19 pandemic caused in the country, although the momentum has withered in the Northern Hemisphere last year, the housing market debt crisis and the strong measures taken against the virus shook the confidence and spending of the population.

Policy makers have promised that they will be able to restore growth by 2022, so the spotlight is on annual meeting of the legislative power, as it will be demonstrated what the economic objectives will be for 2022 and what other measures will be adopted for the return of the growth.

For the first time since August 2021, new orders are growing again. Some sectors had an exponential growth in the last month. However, productive growth slowed down with a sub-index of 50.4% when compared to January which reached 50.9%.

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