China Manufacturing Rebounds on New Orders and Global Recovery Hopes
• Chinese manufacturing PMI hits 13-month high in March, signaling fastest expansion since Feb 2022 • Influx of new orders, including export orders, sees quicker growth due to better domestic and international conditions • Input prices dropped marginally for first time since July, leading companies to reduce selling prices to spark demand • Optimism in sector reaches highest since April 2022 on projections of increased manufacturing and favorable global economic outlook • Economists react with cautious optimism, warning of risks like Chinese dumping excess production to trigger global deflation