The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, rose to 49.7 in March from 48 in February, a private survey showed Friday.
The reading is higher than February's five-month low, but again below the neutral 50-point level, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd. A reading above 50 indicates expansion, while a reading below 50 represents contraction.
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