Manufacturing and service are both expected to improve over January. manufacturing is expected to move into expansion.

Next week we'll get the privately-surveyed, Caixin, PMIs.

The two PMIs are quite different. If you are unfamiliar with this, the following will set you up!

The PMIs (Purchasing Managers' Indexes) from China's National Bureau of Statistics (NBS) and Caixin/S&P Global differ primarily in survey scope, methodology, and focus. Here's a breakdown of the key differences:

By analyzing both, investors and policymakers can obtain a more comprehensive picture of China's economic health and its underlying dynamics.