China Manufacturing Shows Uneven Recovery Ahead of Key Policy Meeting

China's manufacturing sector sent mixed signals in February; large factories contracted but smaller private ones expanded.

The data comes before China's National People's Congress meeting where growth targets will be revealed.

China's leadership has pledged to boost domestic demand and tech/innovative industries to drive economic growth.

Analysts say more policy support may be needed and expect fiscal stimulus details at the NPC meeting.

GDP growth slowed to 5.2% last year and is forecast to slow further to 4.5% in 2023.