Official data from Chinese Government shows that manufacturing expanded slightly in March. A final reading of the official purchasing managers’ index (PMI) was 50.3 in March, up from an eight-month low of 50.2 in February. In the PMI any reading above a 50 indicates expansion. However, a separate survey by HSBC and Markit saw a contraction in Chinese manufacturing activity, with a reading of 48.0 – the lowest since July. This tiny to no growth has some officials and investors worried the the Chinese economy is slowing. Only time will tell.
Source: BBC
It will be interesting to see if China adjusts its monetary policy in any way to address this occurrence.