ECONOMY

Stronger Foreign Demand Fuels China Manufacturing Growth, Caixin PMI Shows

Published: Apr. 1, 2025 9:45 a.m. GMT+8

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Activity in China’s manufacturing sector expanded at a faster clip in March, as growth in foreign demand accelerated and employment returned to expansion for the first time since August 2023, a Caixin-sponsored survey showed Tuesday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the country’s manufacturing sector, came in at 51.2, up from 50.8 in February. A reading above 50 indicates an expansion in activity, while a number below that signals a contraction.

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The Caixin China General Manufacturing PMI rose to 51.2 in March, indicating expansion, with foreign demand and employment improving.
Manufacturing accounted for a quarter of China's GDP last year, with new export orders growing at the fastest rate in nearly a year.
Challenges include deflationary pressures and a sluggish job market, prompting a focus on boosting domestic consumption, employment, and policy measures to support economic recovery.

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