China’s Manufacturing and Services Activity Show Signs of Expansion

China’s latest PMI data indicate a recovery in both manufacturing and services sectors, with the official manufacturing PMI returning to expansion territory and the composite PMI rising above the 50 threshold, according to FX Street.

Deutsche Bank highlighted that the private-sector RatingDog Manufacturing PMI, alongside the official manufacturing PMI, strengthened recently, supported by improvements in services and non-manufacturing indices. This broad-based pickup signals a positive trend in China’s economic activity.

For Japanese investors, these developments in Chinese PMI data could influence market sentiment towards Chinese equities and impact FX markets, given the close economic ties between Japan and China.