TOKYO -- China's manufacturing activity in March expanded at the fastest pace in over a year, a widely watched private survey showed on Monday, adding to expectations that Asia's largest economy is on track for recovery.
The seasonally adjusted Caixin purchasing managers' index rose to 51.1 in March from 50.9 in February, marking the fifth straight month of expansion and the fastest pace of improvement since February 2023. A reading above 50 indicates expansion.
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