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China’s factory activity hits 1-year high, adding to signs economic recovery is picking up pace (www.scmp.com)

submitted 7 months ago by Sagittarii@lemm.ee to c/worldnews@lemmy.ml

8 comments fedilink hide all child comments

Official manufacturing purchasing managers’ index (PMI) rebounds to 50.8 in March, crossing into expansion territory after five months of contraction ⠀

The figure beat the market estimate of 49.9 and returned above the watershed level of 50, which indicates expanding activity, ending five consecutive months of contraction.

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[–] carl_marks_1312@lemmy.ml 9 points 7 months ago (2 children)

China is going to collapse any day now lel

[–] tiredturtle@lemmy.ml 7 points 7 months ago (2 children)

Yea lol, every other day it's that "collapse imminent" and every other time it's "turning around and winning everything"

[–] carl_marks_1312@lemmy.ml 12 points 7 months ago (1 children)

The mixed reporting in western press is amazing. The "geostrategic rival" being strong and weak at the same time.. wait where have I heard this type of rhetoric before?

[–] tiredturtle@lemmy.ml 4 points 7 months ago

Global press really. It's been fascist ever since everywhere

[–] catloaf@lemm.ee 1 points 7 months ago

As with most things, the truth is somewhere in the middle.

[–] InternetCitizen2@lemmy.world -3 points 7 months ago (1 children)

It will. Capitalism is unsustainable. China won't be the exception.

[–] carl_marks_1312@lemmy.ml 5 points 7 months ago

While you're right about capitalism, China has a mixed economy and is generally market socialist. Also their capitalists are surpressed by the state.

[–] Viking_Hippie@lemmy.world 3 points 7 months ago

WOW! A one-year high?! So historic!