• Official manufacturing purchasing managers’ index (PMI) rebounds to 50.8 in March, crossing into expansion territory after five months of contraction ⠀

The figure beat the market estimate of 49.9 and returned above the watershed level of 50, which indicates expanding activity, ending five consecutive months of contraction.

Archived

    • tiredturtle@lemmy.ml
      link
      fedilink
      arrow-up
      8
      arrow-down
      1
      ·
      3 months ago

      Yea lol, every other day it’s that “collapse imminent” and every other time it’s “turning around and winning everything”

      • carl_marks_1312@lemmy.ml
        link
        fedilink
        arrow-up
        12
        ·
        3 months ago

        The mixed reporting in western press is amazing. The “geostrategic rival” being strong and weak at the same time… wait where have I heard this type of rhetoric before?

      • catloaf@lemm.ee
        link
        fedilink
        English
        arrow-up
        2
        arrow-down
        1
        ·
        3 months ago

        As with most things, the truth is somewhere in the middle.

      • carl_marks_1312@lemmy.ml
        link
        fedilink
        arrow-up
        5
        ·
        3 months ago

        While you’re right about capitalism, China has a mixed economy and is generally market socialist. Also their capitalists are surpressed by the state.