News China’s factory activity expands at fastest clip in 13 months, Caixin PMI shows

BEIJING: China’s manufacturing activity expanded at the fastest pace in 13 months in March, with business confidence hitting an 11-month high, driven by growing new orders from customers at home and abroad, a private survey showed on Monday, according to Reuters.

The Caixin/S&P Global manufacturing PMI rose to 51.1 in March from 50.9 the previous month, above analysts’ forecasts of 51 and marking an expansion for the fifth consecutive month. The 50-point mark separates growth from contraction.

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