China Manufacturing PMI Lower Than Expected in January

The video discusses the shift from the old to the new economy, focusing on January's manufacturing PMI, which is slightly below expectations but still indicates expansion. The nonmanufacturing sector shows improvement, driven by services and construction. Historical PMI trends since 2008 are analyzed, highlighting differences between SMEs and state-owned enterprises. The video concludes with a reflection on the current economic indicators.

What trend is being observed in the shift from the old economy to the new economy?

What does the chart from 2008 show about the fluctuations in manufacturing PMI?