China’s manufacturing sector is unexpectedly back into the expansionary territory for the first time since December last year, in a further sign that government stimulus measures may be slowly taking hold.
The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) expanded in March after a three-month contraction. The gauge picked up to 50.8, the strongest pace in eight months, compared to 49.9 in February.
A reading below 50 signals contraction, while a reading above that level indicates . . .
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