China PMI had expanded in February 2022 again!

China NBS Manufacturing PMI: 50.2 

China Caixin Manufacturing PMI: 50.4

Both the NBS and Caixin manufacturing PMIs expanded in February 2022 and outperformed the western projections (shrinking, see below) despite having fewer working days.  This just showed that China was still rebounding from its trough and growing consistently as we had projected (see below).

https://www.channelnewsasia.com/business/chinas-february-factory-activity-likely-shrank-amid-holidays-olympics-2524886

http://sg-stock.blogspot.com/2022/01/analyses-of-us-main-street-economic_9.html