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March 50.8 PMI Shows Economic Recovery - Experts

CHINA PRESS

China’s manufacturing PMI of 50.8 in March showed the economy has made marginal improvements after rising above the 50 mark for the first time in six months, according to Wen Tao, analyst at the China Logistics Information Centre. The economy benefited from the gradual implementation of macro policies, increasing confidence and stabilizing foreign trade, Wen added. Cai Jin, vice president of the China Federation of Logistics and Purchasing said corporate sentiment was improving following a good spring festival, with non-manufacturing business activity expectation index rising to 58.0, with strong rises from the construction and service industries.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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