China factory activity expands to the fastest rate in a year, shows the official survey

China’s manufacturing activity expanded in its fastest rate in a year in March, indicating that Beijing’s stimulus measures were helping to prop up an economic recovery, while US tariffs threaten to frustrate growth.

The official purchasing managers index reached 50.5 in March, according to the Data from the National Office of Statistics published on Mondayaccelerated of the previous month and in line with the estimates of the Reuters survey.

The PMI figure arose above the 50 -level threshold, which determines the expansion of the contraction, in February, reaching 50.2, from a contraction of 49.1 in January, as production resumed after the lunar New Year holidays.

The non -manufacturing PMI, which covers services and construction, also increased to 50.8 of 50.4 in February.

Chinese political leaders have pledged to intensify the impulse of monetary and fiscal stimulus to achieve a growth objective of “about 5%” this year and cushion the impact of an increasing commercial war with the United States

The steps so far have included several expansion rounds of a consumption product exchange scheme to boost national consumption and Accelerated government debt emission To relieve housing problems and deflationary pressures.

The last PMI figure was added to a mixed bag of economic data at the beginning of the year that showed industrial production and investment of fixed assets grew more than expectedwhile Consumer inflation fell in negative Territory for the first time in a year.

Exports, a brilliant lonely point in the hesitant economy, have lost impulse in the first two months of the year, growing at its slowest pace Since April of last year, according to LSE data, since the front load activity of exporters to get ahead of new rates began to decrease.

The president of the United States, Donald Trump, has raised 20% of additional tariffs About Chinese products in his latest mandate on the alleged role of the country in the illicit trade of fentanyl, attracting Beijing’s reprisals with up to 15% of tariffs on selected US products.mainly energy and agricultural goods.

Trump is ready to reveal your “reciprocal” tariffs Designed to address commercial imbalances on April 2, potentially reaching Chinese products with additional tariffs.

Last week, the president of the United States said he can reduce tariffs on China In exchange for the support of Beijing for an agreement that would see the Chinese parent company of Tiktok, Bytedance, sell the application of short video to an American company.

The Global Caixin/S & P manufacturing PMI for March, defeated on Tuesday, is forecast to show the manufacturing activity to 51.1 from 50.8 in the previous month.

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