China’s Economic Activities Expanded Strongly in March. Trade Frictions and Pandemic Remain Key to Outlook

<p>China’s official data suggest that the country’s economy recovered significantly in March. PMI readings for all of manufacturing, services and construction activities improved strongly. While seasonal factor (low base effect in February) played a role, the strong first quarter reading signals that economic recovery remains underway. Key risks are global vaccination progress and US-China trade […]</p>
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