China manufacturing expansion gains momentum in January

The RatingDog China General Manufacturing PMI rose to 50.3 in January 2026 from 50.1 in December. This indicates a return to expansion ahead of the new year.

Insights:
The RatingDog China General Manufacturing PMI, compiled by S&P Global Inc. , rose to 50.3 in January 2026 from 50.1 in December 2025. This result signals a return to manufacturing expansion for China CNCN, as a reading above 50 separates growth from contraction. The January 2026 level was the highest since October. According to the survey, the rate of output growth accelerated to a three-month high in January 2026, while new business rose for an eighth consecutive month in the RatingDog survey.
New export orders swung back to expansion in January after contracting in December, with firms citing stronger demand from Southeast Asia. Manufacturers in Chinatypically accelerate overseas shipments ahead of the Chinese New Year holiday to prepare for the festival. This year's nine-day Chinese New Year festival falls in mid-February 2026. This trend coincided with recent trade diplomacy by Beijing, which has struck trade deals with Britain GBGBand Canada CACAin recent weeks.
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