Analyzing factory activity in China

|By:, SA News Editor

The Caixin/Markit China Manufacturing PMI fell from 51.7 to 51.2 in March, contrasting with readings of China's official factory survey on Friday, which showed activity growing at the fastest pace in nearly five years.

However, the Caixin/Markit survey tends to focus more on small and mid-sized manufacturers, which may be benefiting less from a months-long construction boom than big industrials such as steel mills.

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