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China’s factory activity expands for first time in four months – official data

China's factory activity picked up sharply and is back in expansionary territory for the first time in four months in March, providing further signs suggesting government stimulus measures may be starting to take hold.

The official Purchasing Managers’ Index (PMI) rebounded to 50.5 in March, the highest level in five months, compared to a three-year low of 49.2 in February, according to data released by the National Bureau of Statistics (NBS) on Sunday. The 50-mark separates growth from contraction on a monthly basis.

That's compared to 49.5 expected by analysts surveyed by Reuters . . .

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