China's factory activity bounces further into expansion in February

China's mill enactment for February bounced further into enlargement territory, according to information from the National Bureau of Statistics.

The official manufacturing purchasing managers' index rose to 52.6 successful February – supra the 50-point people that separates maturation from contraction. That marks the highest speechmaking since April 2012, erstwhile it deed 53.5.

February's PMI speechmaking is besides higher than the 50.1 reported for January and supra expectations of 50.5, according to economists surveyed by Reuters.

Non-manufacturing PMI besides grew further to 56.3 from January's people of 54.4, erstwhile it saw a crisp betterment backed by a betterment successful services and operation activity.

The Chinese onshore yuan stood astatine 6.9325 against the U.S. dollar portion the offshore yuan strengthened 0.15% to 6.9480 against the greenback.

China Beige Book's main economist Derek Scissors told CNBC's "Squawk Box Asia" helium expects to spot an betterment successful depletion aboriginal this twelvemonth – buoyed by immoderate announcements from the upcoming National People's Congress meetings.

"I deliberation April's truly the clip that consumers volition instrumentality cues from the March National People's Congress meetings and the announcements made there," said Scissors.

"In April, we should spot wherever the people of Chinese depletion is going. It volition beryllium amended than past year, but it won't beryllium overmuch amended and the radical relying connected that whitethorn beryllium disappointed," helium said.

China's National Party Congress kicks disconnected connected Sunday.