The China Federation of Logistics and Purchasing released on the 6th that in January 2024, the Asian manufacturing purchasing managers index (PMI) was 50.4%. It reflects that the growth rate of Asia's manufacturing industry has accelerated compared with the previous month, continuing the moderate growth trend since 2023.
RCEP's promotion of regional trade and investment is an external driving factor for Asia's moderate economic recovery. The steady recovery of China's economy will remain an important driving force for maintaining Asia's resilience.