Hexun Investment Advisor Huang Jie: March Manufacturing PMI at 50.4%, signaling an economic recovery and positive outlook

4,500 companies are rising; today the Shanghai Composite Index’s gain has surpassed the three major ones. All of the index levels are up more than 1%. Then trading volume has also been pushed to 2 trillion, according to Hexun Investment Advisory’s Huang Jie’s analysis. I’ve said before that below 1.8 trillion is a very good buying point, and that low volume precedes rising prices. We see that today, hard-tech hardware and medical pharma are both showing a stretching move. Under the backdrop of Brent crude oil, in this session the maximum intraday decline has exceeded 5%. Then we can see that, in my view, the fundamentals are actually one of the core factors behind the rally. We can see that in March, China’s manufacturing Purchasing Managers’ Index is 50.4. 50 is the break-even line; once it’s above 50, I think it represents a new high since 2025. In March, China’s non-manufacturing Business Index is 50.1, up 0.6 percentage points from the previous month. It has risen month over month for two consecutive months, indicating that the Chinese economy is starting to gradually improve.

(责任编辑：王刚 HF004)

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