In March, the Purchasing Managers Index of China's manufacturing industry rebounded significantly and returned to the expansion range

On March 31st, the China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics released the China Purchasing Managers Index for March today. Among them, the Purchasing Managers Index of the manufacturing industry has returned to the expansion range, and the economic recovery has further strengthened its positive momentum. In March, the Purchasing Managers Index of China's manufacturing industry was 50.8%, an increase of 1.7 percentage points from the previous month. After running below 50% for five consecutive months, it has returned to the expansion range. Among the 21 industries surveyed, 15 are in the expansion range, an increase of 10 compared to the previous month, indicating a significant expansion in the manufacturing industry's prosperity. In March, enterprises and construction sites across the country resumed work and started construction, driving an increase in supply and demand of related equipment. The policy of large-scale equipment updates has boosted expectations of demand in related industries, and new driving forces in the manufacturing industry have shown a rapid growth momentum.