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China’s Manufacturing Growth Slows to Four-Month Low

A worker welds wind power equipment on March 31 at a factory in Shandong province. Photo: VCG
A worker welds wind power equipment on March 31 at a factory in Shandong province. Photo: VCG

China’s manufacturing activity grew at its slowest pace in four months in March as weaker-than-expected demand discouraged companies from production or restocking, a Caixin survey showed Monday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) fell to 51 in March from 51.6 the previous month, the worst reading since November. It was also the first time in four months that the figure dropped.

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