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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Policy lender, China Development Bank, has agreed to provide a large amount of 10-year loans annually to help local government financing vehicles Photo: Alamy

China pours more money into cheap loans to help regions deal with debt pile and aid economy

  • China Development Bank is providing low-interest rate loans to help local government financing units roll over maturing debt, including loans
  • Local government financing vehicle debt is estimated to account for 34 per cent of gross domestic product, according to China International Capital Corporation
Topic |   China economy

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Policy lender, China Development Bank, has agreed to provide a large amount of 10-year loans annually to help local government financing vehicles Photo: Alamy
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