China's brighter-than-expected industry indicators buoy recovery hopes

Official and private PMIs jump, but some warn of unresolved economic problems

20240401 china pmis

An employee works on a production line for mechanical parts in Beijing: China's official and private industrial activity indexes jumped in March. © Reuters

WATARU SUZUKI, Nikkei staff writer

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.

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