The Chinese economy has made yet another case for economic recovery as factory activities in the month of February continued its strong growth, according to the official and private data released simultaneously on Wednesday.

China's official purchasing managers' indexes (PMI) rose to 51.6 in February, a tad higher than the 51.3 recorded in the previous month, according to theNational Bureau of Statistics (NBS). Last month's official PMI surpassed analyst's expectations by an even higher margin, with Bloomberg survey predicting that February PMI would be at 51.2.

Like Us on Facebook

The increase in February PMI was due to a surge in export, which clearly indicated that the global demand for Chinese goods was picking up, the NBS said.

Zhang Fan, an economist with RHB Capital Bhd, described the PMI increase to be surprising as he attributed the impressive performance to the "midstream industries such as steel." He predicted that the Chinese economy might feel some pressure in the second-half of the year, clearly hinting towards a manufacturing downfall in the coming months.

Meanwhile, the Caixin's manufacturing purchasing managers index (PMI) was also released on Wednesday. The Caixin PMI in February stood at 51.7, up from 51.0 from a month earlier and beating analysts' forecast of 50.8. Besides, the Caixin PMI sub-index for new export orders climbed to 53.8, versus 52.9 clocked in January.

China's manufacturing sector has been following an upward trajectory since the second half of the last financial year, raising hope that the Chinese economy is staging a comeback after enduring the worst down slide in over one and half year.

But some analyst's are still skeptical that these positive data's may only be a short-term pill that will turn sour sooner or later. Analysts feel that the cool down in the real estate industry and a tighter monetary condition in the coming months will soon hit the economy real hard.

Tagschina, China Manufacturing Sector, China PMI, China Purchasing Managers' Indexes, China Factory Output