China's January manufacturing PMI falls below 50... economy in slight recession - Chinese report

On the 27th, the National Bureau of Statistics of China released the January manufacturing Purchasing Managers' Index (PMI). According to the published data, the January China manufacturing PMI fell 1.0 points from the previous month.
The PMI for large companies was 49.9, down 0.6 points, while the PMI for large companies was 49.1, down 0.6 points, while the PMI for large companies was 49.9, down 0.6 points, while the PMI for large companies was 49.1, down 0.6 points, and the PMI for large companies was 49.1, down 0.6 points, while the PMI for large companies was 49.1, down 0.6 points, and the PMI for large companies was 49.1, down 0.6 points, and the PMI for large companies was 49.9 ...
The manufacturing PMI was down 1.2 points to 49.5 for medium-sized enterprises and 2.0 points to 49.5 for small enterprises. The five sub-indices that make up the manufacturing PMI were: production index, down 2.3 points to 49.8;
The new orders index decreased by 1.8 points to 49.2, the raw materials inventory ratio index decreased by 0.6 points to 47.7, the employee index remained flat at 48.1, and the supplier delivery time index decreased by 0.6 points to 48.1.
The index was 50.3. All the indices were down or unchanged from the previous month, with only the Supplier Delivery Time Index exceeding 50.
Meanwhile, the non-manufacturing PMI, which covers the construction and services sectors, increased by 2.0 points from the previous month.
The PMI for the construction sector was down 3.9 points to 49.3, while the PMI for the services sector was down 1.7 points to 50.3.