The Caixin/Markit Manufacturing Purchasing Managers’ Index expanded at the strongest pace in eight months in March as it rose to 50.8 from 49.9 in February. Photo: Reuters

China’s manufacturing bounced back in March as Caixin/Markit PMI shows unexpected good news

  • Sector unexpectedly returned to growth for the first time in four months in March, according to the Caixin/Markit Manufacturing Purchasing Managers’ Index
  • The private business survey released on Monday showed expansion at the strongest pace in eight months
Topic |   China economy

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The Caixin/Markit Manufacturing Purchasing Managers’ Index expanded at the strongest pace in eight months in March as it rose to 50.8 from 49.9 in February. Photo: Reuters
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.

Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.