Man­u­fac­tur­ing ac­tiv­ity ex­pands un­ex­pect­edly

China Daily (Canada) - - NEWS CAPSULE -

China’s man­u­fac­tur­ing ac­tiv­ity re­bounded to the high­est level since last Au­gust in March, thanks to the gov­ern­ment’s con­tin­ued struc­tural re­forms, of­fi­cial data showed.

The pur­chas­ing man­agers’ in­dex (PMI) came in at 50.2 in March, up from Fe­bru­ary’s 49, the Na­tional Bu­reau of Sta­tis­tics (NBS) and the China Fed­er­a­tion of Lo­gis­tic­sand Pur­chas­ing said on April 1.

A read­ing above 50 in­di­cates ex­pan­sion, while a read­ing be­low 50 re­flects con­trac­tion.

NBS statis­ti­cian Zhao Qinghe at­trib­uted the re­bound to the gov­ern­ment’s pro-growth mea­sures, as well as the ris­ing de­mand of man­u­fac­tur­ing im­ports and ex­ports.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.