00:00It's Benzinga, bringing Wall Street to Main Street.
00:02China's factory activity expanded in March, marking the strongest reading in a year and
00:06exceeding expectations, according to the National Bureau of Statistics.
00:09The official manufacturing PMI rose to 50.4 from 49 in February, with readings above 50
00:15indicating expansion.
00:16The data follows the start of the Iran war on February 28, though analysts said energy
00:20cost impacts have not fully materialized.
00:22Economists said China's export-driven growth faces risks from rising energy prices, supply
00:27chain disruptions, and blocked maritime traffic through the Strait of Hormuz.
00:30China set a 4.5% to 5% growth target for the year.
00:34Analysts said the economy has weathered the initial shock, but warned fallout could grow
00:37in coming months.
00:38For all things money, visit Benzinga.com.
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