Guotai CSI Subdivision Mechanical Equipment Industry Theme ETF
5169600.8960.67% ( +0.006 )
China's factory activity extends expansion, PMI shows, as Iran war risks mount
CNA·- In April, China's manufacturing activity expanded for the second consecutive month, driven by increased production and high export orders amid concerns over Middle East conflicts affecting costs. - The official manufacturing Purchasing Managers' Index (PMI) slightly decreased to 50.3, indicating growth despite rising energy prices that could suppress new orders. - Experts warn that ongoing external risks from the Middle East may pressure global demand, crucial for China's growth as domestic consumption remains weak.