China's Economy Throws Off Mixed SignalsBy
What to make of China’s economy? First the good news: On April 1, China’s logistics federation and the National Bureau of Statistics released the March Purchasing Managers’ Index (PMI), which with a 53.1 reading was at a one-year high, and showed the economy expanding. But a separate gauge published the same day, by HSBC and U.K.-based market survey firm Markit Economics, showed instead manufacturing decreasing as export orders fall, the fifth straight month of a downward trend.
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