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China’s factory activity grew at a slower pace in March but was stronger than expected following the end of anti-virus restrictions, a survey showed Friday.
The monthly purchasing managers’ index issued by the China Federation of Logistics & Purchasing and the national statistics agency declined to 51.9 from February’s 52.6 on a 100-point scale. Numbers above 50 show activity increasing.
Sub-measures of production and new orders in the PMI grew at a slower pace.
