China’s economic recovery picked up a surprising amount of steam in March, boosted by strong domestic consumption and unquenchable foreign demand for Chinese-made goods.
The country’s official manufacturing purchasing managers index, a gauge of factory activity, hit a three-month high of 51.9 in March, topping February’s reading of 50.6 with the 50 mark separating expansion from contraction, according to data released Wednesday by the National Bureau of Statistics. Economists polled by The Wall Street Journal had forecast a reading of 51.2.
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China’s Consumers Boost Its Economic Recovery - WSJ
