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China NBS Manufacturing PMI above forecasts (49.3) in March: Actual (50.2)

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China's march non-mfg PMI improves

China official march services non-manufacturing PMI came in at 53.8 vs 52.7 last ahead of the first tier Chinese PMIs.
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China official manufacturing PMI back into expansion

China official manufacturing PMI for March came in at 50.2 vs 49.4 expected and 49 last. The reading shows China back in expansionary territory (Above 50.00), the best level since July 2015, and terminating what had been a downward tendency in the official NBS PMI series since August 2015.
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