China's Manufacturing and Services Show Uneven Recovery Amid Economic Headwinds
• January manufacturing PMI rebounded slightly to 49.2, but still shows contraction for 4th straight month • Data indicates soft demand, weak consumption, and economic headwinds like property sector woes • Sentiment remains weak among manufacturers; small/medium enterprises lagging large firms • Non-manufacturing PMI rose to 50.7, but construction sector outlook bleak amid property struggles • Growth momentum still tepid; recovery shaky without addressing structural economic problems