Caixin survey shows China's March factory activity at its most robust in 13 months

The Caixin China manufacturing purchasing managers’ index was 51.1 in March — its strongest since February 2023.

Caixin/S&P Global China manufacturing purchasing managers' index was 51.1 in March — its strongest since February 2023 — after coming in at 50.9 in February.

These surveys are typically the first economic data points available each month and provide insights on the state of the Chinese economy." for 2024, while setting a deficit-to-GDP ratio of 3% for the year and reiterating a plan to double down on"high-quality growth" and manufacturing. China's producer prices have dipped for well more than a year now, while consumer prices have declined in four of the last five months.

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