Chinese Manufacturing Shows Expansion in March

China’s manufacturing sector saw growth in March after a sustained contraction period. The official purchasing managers index (PMI) rose to 50.8 from 49.1 in February, indicating a return to expansion. Factory activities resumed post-Lunar New Year, though challenges such as increased competition and market demands persist. Non-manufacturing PMI also increased, showing signs of economic recovery amidst hurdles like real estate industry downturn.

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