Survey: China's manufacturing activity ticks up in March


BEIJING (AP) — A gauge of Chinese manufacturing improved in March in a possible sign government efforts to reverse an economic slowdown amid a tariff war with Washington might be gaining traction.

The statistics bureau and an industry group said Sunday their monthly purchasing managers’ index rose to 50.5 on a 100-point scale on which numbers above 50 show activity increasing. That was up 1.3 points from February.

Chinese manufacturing declined last year as the fight with President Donald Trump over Beijing’s technology ambitions weighed on exports and domestic consumer demand weakened.

The government loosened lending controls and increased spending to reverse the slowdown, but authorities moved gradually to avoid igniting a rise in debt. The ruling Communist Party also has promised to give entrepreneurs who generate China’s new jobs and wealth a bigger role in the economy.

Private sector forecasters expect the downturn to bottom out by mid-year say any growth rebound will be modest. Chinese leaders warned previously that a recovery would be “L-shaped,” meaning the decline would end but there would be no return to the previous decade’s double-digit growth.

Chris Christie Launches Presidential Campaign - And He Already Has Humiliating News

Last year’s growth in the world’s second-largest economy sank to a three-decade low of 6.6 percent. The ruling party set this year’s official target at 6 to 6.5 percent as part of efforts to steer the economy to a more sustainable expansion based on domestic consumption and reduce reliance on exports and investment.

Exports in the first two months of 2019 fell 4.6 percent from a year earlier.

U.S. and Chinese negotiators met last week in Beijing for talks aimed at ending the tariff war that has weighed on sales of goods from soybeans to medical equipment. They ended Friday with no formal agreement but the two sides said they would meet again in Washington.

“The confidence of enterprises, production and operation activities are showing a recovery trend,” said the National Bureau of Statistics and the China Federation of Logistics & Purchasing in a statement.

Sub-indexes for exports, employment and new orders all improved.

An index that shows expectations by companies of future new business rose 0.6 points to 56.8.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
New York City