China’s Manufacturing Activity Expands in March

Yuwei Chen
1 min read

In March, a private survey revealed that China’s manufacturing activity showed signs of stabilization, with the Caixin manufacturing purchasing managers index reaching 51.1, its highest level in over a year. This marks an increase from February’s 50.9 and surpasses the economists’ prediction of 51. A reading above 50 indicates expansion from the preceding month, while a value below signifies contraction. The latest figures signify a positive trajectory for China’s industrial economy.

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