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Expanding for four consecutive months! In March, RatingDog China's Manufacturing PMI reported 50.8.
Gelonghui April 1|RatingDog’s China Manufacturing PMI for March came in at 50.8, marking the fourth consecutive month it remained in the expansion range. In March, the manufacturing sector continued its expansion trend: output, new orders, and employment all increased, and businesses remained optimistic about production prospects for the coming year. However, the pace of expansion slowed compared with February, while facing the most severe cost-increase pressure in nearly four years and the worst supply-chain delays in more than three years. Given the demand-supporting effect of the government’s steady-growth targets and the persistence of overseas imported inflation, April’s manufacturing PMI may seek a balance between expansion and cost pressure. These factors could pose challenges to production plans and profitability over the next few months, and their impact on the resilience of the manufacturing sector should be continuously monitored.