China's factory activity has slowed for the fifth straight month, which places pressure on President Xi Jinping to take action. China's manufacturing purchasing manager's index posted a 49.1 for February, falling 0.1 from 49.2 in January. (The PMI is a month-over-month change in economic activity in the manufacturing sector.) This might signal that China's manufacturing sector is weaker than expected, and that some action may need to be taken as the Chinese Communist Party's annual political event unfolds over the next few days. Lowered confidence in the manufacturing sector may cause China to lose investors and may also carry over to other sectors as well.
https://www.bloomberg.com/news/articles/2024-03-01/china-factory-activity-slows-as-weak-demand-hampers-growth
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In light of the continuous decline in China's manufacturing PMI for the fifth consecutive month, what specific actions or policy adjustments might President Xi Jinping consider to address the challenges faced by the manufacturing sector?
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