China’s Factories Just Grew Faster but the Timing Still Looks Awkward
China’s factory activity returned to expansion in March, which sounds encouraging until you look at the timing. The official manufacturing PMI rose to 50.4 from 49.0 in February, marking the fastest growth in a year and moving back above the 50 line that separates expansion from contraction. But the rebound is arriving just as war-linked … Read more