Posted 4/1/2024, 1:59:44 AM
China Manufacturing Rebounds but Faces Headwinds to Sustained Recovery
- China's factory activity expands at fastest pace in 13 months, but economic recovery remains fragile
- Manufacturing PMI hits 13-month high, reflecting growth in output, new orders, and exports
- Business confidence also rises to highest since April 2022, but headwinds persist like low demand
- Analysts say recovery may continue near-term thanks to stimulus, but will weaken by year's end
- Sustained policy support still needed amid global uncertainty and structural drags like property slump
