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China Manufacturing Growth Hits 4-Month High
China's manufacturing sector expanded at the fastest pace in four months in March as output accelerated on the back of a sustained improvement in new orders, survey data from S&P Global revealed Tuesday. The headline Caixin Purchasing Managers' Index rose to 51.2 in March from 50.8 in February. The index marked the sixth consecutive month in which the score has remained above 50.0 mark.
RTTNews | 20h 10minuter sedan
China Maintains Benchmark Lending Rates
China left its benchmark lending rates unchanged for the fifth straight month, as widely expected, on Thursday. The People's Bank of China kept its one-year loan prime rate unchanged at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. Both the rates were last reduced by 25 basis points each in October 2024.
RTTNews | 12 dagar sedan
China Industrial Output, Retail Sales Rise More Than Forecast
China's industrial production and retail sales expanded more than expected in the January to February period driven by fiscal stimulus but the property market remained a drag on the economy. Industrial production registered an annual growth of 5.9 percent but slower than the 6.2 percent rise in December, data from the National Bureau of Statistics showed Monday.
RTTNews | 15 dagar sedan
