The RatingDog China General Manufacturing PMI increased to 50.3 in January 2026 from December’s reading of 50.1, in line with market forecasts. The latest reading indicated a slight expansion in factory activity but the fastest growth since last October, as output growth accelerated modestly amid higher new orders, supported by a fresh rise in new export orders. In response to rising new orders and production, firms raised their staffing levels for the first time in three months, albeit only marginally. Purchasing activity increased, while supply conditions were unchanged. Regarding prices, input cost inflation accelerated to its highest level since last September due to higher metal prices. As a result, selling prices rose for the first time since November 2024. Looking ahead, business sentiment weakened to a nine-month low amid concerns over the outlook for economic growth and rising cost pressures.

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