China’s factory activity expands at fastest clip in 14 months, Caixin PMI shows

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China’s factory activity expands at fastest clip in 14 months, Caixin PMI shows

BEIJING (Reuters) – China’s manufacturing activity expanded at the fastest pace in 14 months in April, driven by a solid uptick in new export orders, a private survey showed on Tuesday, an encouraging sign for an economy still struggling to mount a robust recovery. The Caixin/S&P Global manufacturing PMI rose to 51.4 in April from a 51.1 the previous month, marking the fastest pace since February 2023 and above analysts’ forecasts of 51.0. T…