China factory activity rebounds in March as Iran war looms over growth

TL;DR

China Factories Jolted by Oil Prices But Activity Resumes Growth Chinese manufacturing activity grows more than expected in March- PMI China's official gauge for manufacturing activity rose more than expected in March, marking its strongest performance in a year and snapping two months of declines. The Manufacturing Purchasing Managers' Index for March rose to 50.4, according to the National Bureau of Statistics on Tuesday, beating economists' expectations for 50.1 in a Reuters poll. A reading below 50 indicates contraction, while levels above that threshold signal expansion.