China's factory activity remains stable in March

China's factory activity remained stable this March and will close with an expansion of 51.9 points in the Purchasing Manager's Index, reported the National Bureau of Statistics.

The Bureau considered that although the level recorded in that indicator, used to measure the performance of manufacturing operations, is slightly lower than February's 52.6 per cent, it illustrates a more favourable outlook compared to that of the end of 2022.

It also reported a steady increase in the number of companies this month that reported growth, normalised deliveries and maintained uninterrupted logistics chains, workforces and transportation.

The Bureau reiterated confidence in a stronger recovery in the near term thanks to the cessation of sanitary controls in China and following the end of the Covid-19 infection peak.

However, economists suggest that the government should adopt policies that contribute to rising incomes among the population and thus stimulate demand for goods, as reported by Prensa Latina, a partner of TV BRICS.

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