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MNI BRIEF: China Manufacturing Shows Positive Trend - NDRC

MNI (BEIJING)
MNI (Beijing)

Beijing is counting on improved manufacturing.

Authorities in China see the manufacturing sector continuing its upward recovery, Li Chao, spokesperson for the National Development and Reform Commission told reporters on Tuesday.

Li noted industrial firms saw profits rise 4.3% y/y in Q1, the third consecutive quarter of growth, while the manufacturing PMI had held above 50 points in April, indicating firms have stable confidence in future market development.

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Authorities in China see the manufacturing sector continuing its upward recovery, Li Chao, spokesperson for the National Development and Reform Commission told reporters on Tuesday.

Li noted industrial firms saw profits rise 4.3% y/y in Q1, the third consecutive quarter of growth, while the manufacturing PMI had held above 50 points in April, indicating firms have stable confidence in future market development.

Keep reading...Show less