China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace (www.scmp.com)

submitted 7 months ago by Sagittarii@lemm.ee to c/worldnews@lemmy.ml

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Official manufacturing purchasing managers’ index (PMI) rebounds to 50.8 in March, crossing into expansion territory after five months of contraction ⠀

The figure beat the market estimate of 49.9 and returned above the watershed level of 50, which indicates expanding activity, ending five consecutive months of contraction.

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[-] carl_marks_1312@lemmy.ml 9 points 7 months ago

China is going to collapse any day now lel

[-] tiredturtle@lemmy.ml 7 points 7 months ago

Yea lol, every other day it's that "collapse imminent" and every other time it's "turning around and winning everything"

[-] carl_marks_1312@lemmy.ml 12 points 7 months ago

The mixed reporting in western press is amazing. The "geostrategic rival" being strong and weak at the same time.. wait where have I heard this type of rhetoric before?