Economic Indicators News

China's Manufacturing PMI Surpasses Expectations, Signaling Recovery

China's official manufacturing PMI for March 2024 exceeded expectations at 50.8, while the services PMI also beat forecasts at 53.0. The country's economy has shown strength at the start of the year, with analysts upgrading GDP forecasts and recent data for January-February surpassing expectations. Stimulus measures and additional treasury bonds are expected to further boost infrastructure and manufacturing investment, although challenges persist due to the debt troubles in the property sector.