From BNP Paribas Asset Management: 2024-04-03 05:24:35

1. China’s manufacturing activity saw its fastest pace of expansion in over a year in March, with the Caixin/S&P Global manufacturing PMI rising to 51.1, exceeding expectations and marking the fifth consecutive month of growth.

2. New orders and export orders in China are now back to early 2023 levels, indicating a strong reopening period post-Covid-Zero restrictions.

3. Chinese stock markets responded positively to the news, with the CSI 300 index up 1.65% on 1 April, reflecting investor anticipation of stimulus measures to boost sentiment towards Chinese stocks.

4. Disclaimer: The article may contain technical language not suitable for all readers. The views expressed are based on available information, subject to change, and not investment advice. The value of investments can go down as well as up, especially in emerging markets with higher volatility.



Read more at BNP Paribas Asset Management: Graph of the Week – An upswing in China’s manufacturing activity