China's Caixin Manufacturing PMI expands to 50.4 in February, a big beat

China's February Caixin Manufacturing PMI came in at 50.4 vs. 49.3 expected and January’s 49.1, showing that the country’s business conditions improve slightly in the reported period.

Earlier on, China's official Manufacturing PMI on Friday expanded to 50.2 in February from 50.1 booked in January and against 49.9 expected, the National Bureau of Statistics (NBS) reported.