China Factory Activity Expands at 1-Year High Amid Stimulus Measures
China’s factory activity growth accelerated to a one-year high in March, according to official data, as stimulus measures kicked in. The purchasing managers’ index (PMI) rose to 50.5, surpassing the threshold for expansion from contraction, and indicating an improvement in manufacturing supply and demand. The non-manufacturing PMI also rose to 50.8, covering services and construction … Read more