China's manufacturing hits 12-month high, driven by strong orders

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BEIJING: China's manufacturing activity expanded at the fastest pace in a year in March, a factory survey showed on Monday, with new orders boosting production, giving the world's No.2 economy some reprieve as it deals with an intensifying U.S.trade war.

The PMIs of small- and medium-sized firms improved last month, Zhao Qinghe, senior NBS statistician, said in a note, but large firms said they had a harder time this month than in February.

The government has pledged more fiscal stimulus, increased debt issuance, further monetary easing and put even greater emphasis on boosting domestic demand to cushion the impact of the trade war.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Manufacturing PMI Manufacturing /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

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Article Type: News Report

Published On: 2025-03-31 @ 12:40:00 (1 days ago)

News Timezone: GMT +8:00

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Language: English

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