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

  • 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 ,
@carl_marks_1312@lemmy.ml avatar

China is going to collapse any day now lel

tiredturtle ,

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

carl_marks_1312 ,
@carl_marks_1312@lemmy.ml avatar

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?

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