China Jan PMI slips but stays in expansion mode

Beijing

CHINA'S manufacturing sector remained strong despite a slight drop, fuelled by a government-led credit and infrastructure boom.

This is the fourth straight month that the purchasing managers' index (PMI) was above the 50-point mark which delimits contractions from expansion, but analysts warn that stimulus measures in place will wane out later this year and that systemic risks weighing on the economy remain.