Indicators
China Industrial Upswing Is Latest Sign of Economic Recovery
- Better-than-expected economic data points to signs of momentum
- Property market and deflationary pressure remain challenges
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China’s factory activity beat expectations in March, boosting optimism about the country’s ability to achieve its ambitious growth goal of around 5% this year.
The Caixin manufacturing purchasing managers’ index rose to 51.1 on Monday — above the 50 mark that indicates expansion for a fifth month, the longest streak in more than two years.