China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace
China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace
Official manufacturing purchasing managers’ index rebounds to 50.8 in March, crossing into expansion territory after five months of contraction, but scepticism about world’s No. 2 economy looms due to property woes and local debt.
- 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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China is going to collapse any day now lel
Yea lol, every other day it's that "collapse imminent" and every other time it's "turning around and winning everything"
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?
Global press really. It's been fascist ever since everywhere
As with most things, the truth is somewhere in the middle.
It will. Capitalism is unsustainable. China won't be the exception.
While you're right about capitalism, China has a mixed economy and is generally market socialist. Also their capitalists are surpressed by the state.