China’s official purchasing managers index rose to 50.3 in March from 50.2 a month earlier, in line with economist’s forecasts, Reuters reported, citing the National Bureau of Statistics. However, the increase in the official PMI will do little to quiet growing fears that China is in the midst of an economic slowdown. Weak economic indicators prior to the release of the official PMI have propelled speculation that the government would step in to stabilize growth. Premier Li Keqiang announced last week that the country has policies in reserve to stabilize growth after the cabinet said it would accelerate infrastructure investment.
Categories