NBS: China's manufacturing PMI slips to 49 in February

China's Purchasing Managers' Index (PMI) for the manufacturing sector continued to decline in February to sit at 49, down for the second month by 0.3 point on month, according to the latest data released by the National Bureau of Statistics (NBS) on Wednesday morning.

The further drop in the official manufacturing PMI was primarily due to the extended holiday break in February to celebrate Chinese New Year (CNY), the most important festival in China, which affected the production and operation of enterprises and led to a general decline in the activity of the