India, Feb. 3 -- China's manufacturing sector expanded at a slower pace in January as staffing declined the most since 2020 and exports orders fell for the second consecutive month amid international policies posing significant challenges for the economy.
The Caixin Purchasing Managers' Index fell to 50.1 in January from 50.5 in December, survey results from S&P Global showed on Monday. However, the reading above 50.0 indicates expansion in the sector.
Production growth accelerated in January, in line with the trend for new orders. Higher new business driven by better underlying demand and increased promotional efforts supported the growth in output. However, new export orders decreased for the second straight month.
Sentiment improved a...