"Contrasting Trends: China's Factory Activity Diverges from Global Manufacturing Slump"

Private surveys indicate that most developing economies in Asia, including South Korea, Vietnam, and Indonesia, have shown signs of improvement in their manufacturing sectors, with PMI readings edging over 50 for the first time in months. The International Monetary Fund has upgraded its growth forecast for emerging economies in Asia, citing greater-than-expected resilience in the U.S. and several large developing economies, as well as fiscal support in China. While there are positive indicators, there remains a divergence between official and private PMI surveys in China, pointing to an uneven economic landscape.