China Stability Carries Into 2017

The video discusses the stability and volatility of the Chinese economy, focusing on the renminbi and its impact on exporters and manufacturers. It highlights the effects of trade tensions, particularly with the U.S., on the Purchasing Managers' Index (PMI) and the Chinese economy's objectives. The manufacturing sector shows a slight dip in PMI due to the Lunar New Year, but overall conditions are improving. The non-manufacturing sector, including services and construction, is robust and continues to drive economic growth.

Discuss the historical significance of the PMI numbers mentioned in the text.

What was the non-manufacturing PMI in January, and what does it signify?