The Chinese Manufacturing PMI is a monthly indicator of the health of China's manufacturing sector. The index is based on surveys of purchasing managers in factories across the country. A reading above 50 indicates expansion, while a reading below 50 indicates contraction.The Chinese Manufacturing PMI has been trending upward since late 2016, and reached an 18-month high in June 2017. This suggests that the Chinese manufacturing sector is expanding at a healthy pace.This is good news for China and for the global economy. The Chinese manufacturing sector is a key driver of growth, and its continued expansion will help to boost global economic growth.