this post was submitted on 31 Mar 2024
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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 1 year ago by Sagittarii@lemm.ee to c/worldnews@lemmy.ml
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  • 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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[–] InternetCitizen2@lemmy.world -3 points 1 year ago (1 children)

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

[–] carl_marks_1312@lemmy.ml 5 points 1 year 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.