China's manufacturing business sentiment index for the first time in four months has recovered from the effects of the spread of the new coronavirus infection, such as the lifting of strict restrictions on going out in Shanghai, the largest economic city. It exceeded "50", which is a turning point for judgment.
According to the Manufacturing PMI = Purchasing Manager Business Confidence Index, which is surveyed by the National Bureau of Statistics of China for 3,200 manufacturing companies, this month's index was 50.2, 0.6 points higher than last month.
It is the first time in four months that the number has exceeded "50", which is the turning point for judging whether the economy is good or bad.
This is because the strict restrictions on going out, which had lasted for more than two months in Shanghai, were lifted on the 1st of this month, and the spread of infection was suppressed in various parts of the country and infection control was relaxed, resulting in the recovery of production and distribution. is.
However, looking at the index by company size, both large companies and medium-sized companies exceeded the milestone of 50, while small companies remained at a low level of 48.6, and there was a difference in recovery. It's happening.
On the other hand, the business sentiment index for non-manufacturing industries such as lodging and eating and drinking was 54.7, up 6.9 points from last month, and also exceeded 50 for the first time in four months.
Regarding the "Zero Corona" policy to thoroughly control infection, President Xi Jinping emphasizes his stance of adhering to "the most economical and effective", but the government has set a target of + 5.5% due to the effects of strict measures. It has been pointed out that it is difficult to achieve the economic growth rate before and after, and the focus will be on whether the economic recovery will proceed smoothly in the future.