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The Caixin Manufacturing PMI is a private sector survey that focuses on small to medium-sized private manufacturing firms in China. Unlike the official NBS PMI, which covers large state-owned enterprises, this index provides a better view of the export-oriented and private segments of the economy. It is highly regarded by investors for its sensitivity to global trade conditions.
The index is derived from monthly questionnaires sent to purchasing executives in over 500 private manufacturing companies. It tracks variables such as output, new orders, and stocks of purchases.