BEIJING: China's manufacturing activity expanded at slower pace in March, official data showed on Friday, suggesting hopes of a strong post-COVID economic recovery are faltering amid weaker global demand and a continued property market downturn.
The official manufacturing purchasing managers' index (PMI) stood at 51.9, against 52.6 in February, according to data from the National Bureau of Statistics (NBS), above the 50-point mark that separates expansion and contraction in activity on a monthly basis.
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