Announcing the U.S.-China agreement announced, Chinese business index showing business confidence December 31 12:35
China's index of manufacturing sentiment this month has been flat since last month. The United States and China announced in mid-May that they had reached a first-stage agreement on trade issues, but still suggest that the economy remains cautious.
China's National Bureau of Statistics surveys business sentiment every month for 3,000 manufacturing companies and publishes it as Manufacturing PMI = Purchasing Managers Business Index.
The manufacturing PMI for the month, announced on the 31st, was 50.2, surpassing the threshold of 50 for two consecutive months, but the index level was flat from last month.
By company size, the indexes for large and medium-sized companies are above the milestone of 50, while those for small companies are 47.2, 2.2 points worse than last month and well below the milestone of 50.
In the middle of the month, the United States and China announced that trade negotiations reached a first-stage agreement. As a result, new export orders and current production indices have improved since last month. On the other hand, production and management forecast indices are deteriorating, suggesting that the economy is still cautious.