US President Donald Trump has flagged Wednesday as “Liberation Day” and has pledged to impose additional sweeping levies against trading partners, without providing additional details about his plans.
Separately, a private-sector survey has shown that mainland factory activity expanded at its fastest pace in four months in March, buoyed by stronger demand and robust export orders.
The Caixin/S&P Global manufacturing PMI climbed to 51.2 last month from 50.8 in February. That was higher than analyst expectations of 51.1. A number above 50 signals growth.
The rebound broadly aligned with an official PMI released on Monday that showed manufacturing activity growing at its quickest rate in a year. (with additional reporting by agencies)
US President Donald Trump has flagged Wednesday as “Liberation Day” and has pledged to impose additional sweeping levies against trading partners, without providing additional details about his plans.
Separately, a private-sector survey has shown that mainland factory activity expanded at its fastest pace in four months in March, buoyed by stronger demand and robust export orders.
The Caixin/S&P Global manufacturing PMI climbed to 51.2 last month from 50.8 in February. That was higher than analyst expectations of 51.1. A number above 50 signals growth.
The rebound broadly aligned with an official PMI released on Monday that showed manufacturing activity growing at its quickest rate in a year. (with additional reporting by agencies)
