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China's manufacturing economy stabilized in March, following a fast recovery in February driven by loosened COVID-19 restrictions, according to S&P Global.
While the March PMI figure of 50 indicates a neutral level of growth, it is an improvement compared to the contraction experienced during the early months of the COVID-19 pandemic.
The Caixin China General Manufacturing Purchasing Managers' Index (PMI) posted a neutral level of 50 for the third month of the year, down from an eight-month high of 51.
The April manufacturing PMI was "well below" forecasts, CBA
China's factories pick up the pace in Feb
China's PMI jumps back to positive
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