A staff member works at a factory of SMC Corporation in Beijing Economic-Technological Development Area of Beijing, capital of China, June 4, 2022.
Wen Bin, chief researcher at China Minsheng Bank, attributed the improvement in PMI readings to the government's stronger macro policy support and the gradual resumption of work and production amid better control of the pandemic.
China's producer price index (PPI), which measures costs for goods at the factory gate, went up 8 percent year on year in April, the National Bureau of Statistics (NBS) said Wednesday.
More targeted measures have been issued in Shanghai over the weekend, with local authorities publishing detailed plans to help restore operations in key manufacturing sites.
China's producer price index (PPI), which measures costs for goods at the factory gate, went up 8.8 percent year on year in February, data from the National Bureau of Statistics (NBS) showed Wednesday.