AI Data Insight
China's newly released Q4 2026 manufacturing PMI year-over-year growth rate reached 0.6122%, slightly higher than the previous Q3 2026's 0.6024%. However, the actual PMI index only recorded 49.3, which not only fell short of the Bloomberg consensus expectation of 49.9 but also fell below the boom-bust line again. Under the dual pressures of the long holiday effect and sluggish domestic and external demand, SMEs and traditional industries are facing contraction pressures, highlighting that the economic recovery is highly dependent on the high-tech sector to single-handedly sustain the broader economy.