China factory activity up after four-month slide

AFP  |  Beijing 

China's ended its four-month downward trend in March, official data showed Sunday, but exports continued their long slide in the wake of the Washington-trade war.

The official Purchasing Managers' Index, a measure of factory activity, rose to 50.5 in March from the previous month's contraction and three-year low of 49.2.

The growth was likely driven by seasonal factors as factories ramped up production after February's Lunar New Year holidays.

Some and coal power plants also increased output as winter smog restrictions end.

Factory output also grew at its fastest pace in six months in March, reported, but export orders shrank for the 10th straight month amid slowing global growth and as collateral damage in the trade spat the

Over the last eight months, and have slapped tariffs on more than USD360 billion in two-way goods trade, weighing on the in both

US and Chinese negotiators wrapped up trade talks in on Friday ahead of another round next week, when China's economic will head to to continue discussions on a possible deal.

has announced a raft of stimulus measures to cushion the impact from it's cooling economy.

Earlier this month, announced more spending on roads, railways and other big-ticket infrastructure projects, along with tax cuts worth 2 trillion yuan (USD297.27 billion) to ease pressure on companies and spur employment.

announced a lower growth target of 6.0 to 6.5 per cent this year, down from 6.6 percent growth in 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, March 31 2019. 12:55 IST