China factory activity up after five-month slump

Beijing (AFP) Mar 31, 2024

Monthly factory activity in China grew for the first time in half a year, official figures showed Sunday, in a positive sign for policymakers seeking to revive the world's second-largest economy. The purchasing managers' index (PMI) - a key measure of factory output - came in at 50.8 in March, according to the National Bureau of Statistics (NBS), up from 49.1 in February. A PMI figure