Solid rise in business activity across both the manufacturing and service sectors in March. HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled a further expansion of output during March. Activity has now risen at the composite level for seven successive months. Furthermore, the rate of expansion accelerated from February to a solid pace. The HSBC China Composite Output Index posted 53.5 in March, up from February’s four-month low of 51.4. Output rose simultaneously across both the manufacturing and service sectors for the fifth consecutive month during March. Furthermore, both ... (full story)