The survey data issued by China Federation of Logistics and Purchasing on February 1 indicated that in January 2010, the Purchasing Management Index (PMI) of Chinese manufacturing industry was 55.8%, down 0.8 percentage point from the previous month.

The PMI has been above the critical point (50%) for 11 consecutive months, signifying that Chinese manufacturing industry continuously maintains the trend of recovery.

PMI of the manufacturing industry is a comprehensive index reflecting the status of the industry, consisting of 12 indictors such as new orders, production, inventory and manufactured inventory. If PMI is above 50%, it reflects economic expansion in general; and if down 50%, it reflects economic recession.