That's really good. Caixin PMI Index**507%, the highest in 3 months. What is the Caixin PMI Index and why is it always different from the official one?Caixin PMI is a China PMI index jointly published by Caixin Corporation (a company owned by Caixin Media and headquartered in Hong Kong) and Markit (a financial services company based in London). Different from the official PMI index, he extracts more relevant data of small and medium-sized enterprises, so it reflects more of the operating conditions of small and medium-sized enterprises.
Then, the Caixin PMI index stood above the Kurong line in November, compared with **1 last month2%, indicating that the operating conditions of small and medium-sized enterprises in China have been well changed. And for us now, small and medium-sized enterprises are more critical, because they are more reflective of our current reality.
It can be said that the improvement of the business conditions of small and medium-sized enterprises is really improved, because large enterprises are not really bad for money, and small and medium-sized enterprises are the real subjects of financing needs. The improvement in the situation of small and medium-sized enterprises is bound to have a positive impact on social finance, and it is bound to pass on the positive impact to other more data.
As for how it will be deduced later, we dare not speculate now. But I believe that the data is already at a low level, there is no room for downwards, and once it reverses, it will be very fast.