China's factory activity expands at fastest clip in 13 months, Caixin PMI shows

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China's factory activity expands at fastest clip in 13 months, Caixin PMI shows
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The Caixin/S&P Global manufacturing PMI rose to 51.1 in March from 50.9 the previous month, above analysts' forecasts of 51.0 and marking an expansion for...

BEIJING - China's manufacturing activity expanded at the fastest pace in 13 months in March, with business confidence hitting an 11-month high, driven by growing new orders from customers at home and abroad, a private survey showed on Monday.

Citi last week raised its forecast for China's 2024 growth to 5.0% from 4.6%, citing "recent positive data and policy delivery".Premier Li Qiang announced an ambitious 2024 economic growth target of around 5% at the annual meeting of China's parliament in March. Businesses' confidence towards the year-ahead rose to its highest point since April 2023 on good news such as a reduction in input costs.

Russia could turn on Putin as the nation's economic strength wanes and sanctions keep tightening, economists say

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