China’s factory activity hits 1-year high in latest sign of economic recovery
www.scmp.com
Official manufacturing purchasing managers’ index rebounds to 50.8 in March, crossing into expansion territory after five months of contraction, but scepticism about world’s No. 2 economy looms due to property woes and local debt.
  • Official manufacturing purchasing managers’ index (PMI) rebounds to 50.8 in March, crossing into expansion territory after five months of contraction ⠀

The figure beat the market estimate of 49.9 and returned above the watershed level of 50, which indicates expanding activity, ending five consecutive months of contraction.

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  • tiredturtle@lemmy.ml
    81·
    7 months ago

    Yea lol, every other day it’s that “collapse imminent” and every other time it’s “turning around and winning everything”

    • carl_marks[use name]@lemmy.ml
      12·
      7 months ago

      The mixed reporting in western press is amazing. The “geostrategic rival” being strong and weak at the same time… wait where have I heard this type of rhetoric before?

    • catloaf@lemm.eeEnglish
      21·
      7 months ago

      As with most things, the truth is somewhere in the middle.