China's manufacturing PMI rose, non-manufacturing PMI increased
CNBC — March 31, 2024, 10:00 AM UTC
Summary: China's manufacturing PMI rose to 50.8 in March, marking the first expansion in six months. New export orders increased, while employment continued to decline. The non-manufacturing PMI also rose to 53. Premier Li Qiang set a 2024 growth target of around 5%. Citi raised its growth forecast to 5.0%. China approved a plan to boost equipment upgrades and consumer goods sales, aiming to generate over 5 trillion yuan annually.
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