- March 31, 2024
- Posted by: legaleseblogger
- Category: Related News
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## China’s Manufacturing Activity Shows Signs of Recovery
China’s manufacturing activity expanded in March, marking the first growth since September. This development serves as a positive indication that the world’s second-largest economy is on a path towards stabilization.
According to the National Bureau of Statistics, the official manufacturing purchasing managers index increased to 50.8 in March from 49.1 in February. Economists had forecasted a median of 50.1 in a Bloomberg survey, making this result surpass expectations. Moreover, this is the highest reading recorded since March of the previous year.
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