China’s factory sector reverses toward growth in March (DJCHINA:IND)

China’s factory sector reverses toward growth in March (DJCHINA:IND)

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China’s factory sector rebounded to expand in March following five straight months of contraction, another sign that the country’s stimulus efforts are taking effect.

The official purchasing managers’ index rose to 50.8 in March from 49.1 in February, China’s National Bureau of Statistics said on Sunday. The reading exceeded the median forecast of 49.9 among economists surveyed by news organization Reuters. A reading above 50 indicates expansion.

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