- 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.
8 Comments
carl_marks_1312@lemmy.ml · 7 pts · 2y
China is going to collapse any day now lel
tiredturtle@lemmy.ml · 6 pts · 2y
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 · 10 pts · 2y
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 pts · 2y
Global press really. It's been fascist ever since everywhere
catloaf@lemm.ee · 1 pts · 2y
As with most things, the truth is somewhere in the middle.
InternetCitizen2@lemmy.world · -3 pts · 2y
It will. Capitalism is unsustainable. China won't be the exception.
carl_marks_1312@lemmy.ml · 4 pts · 2y
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 pts · 2y
WOW! A one-year high?! So historic!