China's Manufacturing Sector Sees Robust Growth as Caixin PMI Hits 13-Month High
Monday, 1 April 2024, 01:50
China's Factory Activity at Record High:
The latest Caixin/S&P Global manufacturing PMI report has shown a significant uptick in China's factory activity, hitting a 13-month high of 51.1 in March. This growth trend highlights the country's strong economic performance in the manufacturing sector.
Positive Economic Outlook:
Citi's revised growth forecast for China to 5.0% in 2024 demonstrates the market's confidence in the economy's trajectory. Premier Li Qiang's ambitious economic growth target of 5% further underscores the country's commitment to sustainable development.
- The Caixin PMI reported a reading of 51.1, exceeding analysts' expectations.
- Citi raised China's 2024 growth forecast to 5.0% based on recent positive data.
- Premier Li Qiang set a 2024 economic growth target of around 5% at the annual parliamentary meeting.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.