Li Daxiao: The PMI data in February showed an improvement and returned to the expansion zone, reinforcing efforts to stabilize the stock market.

Li Daxiao believes that the demand and possibility for the stock market to stabilize are increasing. The National Bureau of Statistics released data on March 1 that the manufacturing Purchasing Managers' Index (PMI) in February was 50.2%, up 1.1 percentage points from the previous month, indicating a significant rebound in the manufacturing business climate. The non-manufacturing business activity index was 50.4%, up 0.2 percentage points from the previous month, indicating a slight rebound in the non-manufacturing business climate. The composite PMI output index was 51.1%, up 1.0 percentage points from the previous month, indicating a general rebound in the economic climate. Regarding this, Li Daxiao, former chief economist of a securities company, said that under the care of active fiscal policy and moderate loose monetary policy, the efforts to stabilize the economy are increasing, especially the convening of the meeting on the private economy, which has significantly strengthened market confidence. The economic data in February has improved and returned to the expansion zone, which has increased the strength of stabilizing the stock market. In particular, it is now in a crucial time window, and the demand and possibility for the stock market to stabilize are also increasing.