China March Manufacturing PMI at 51.9, Beating Estimate

The video discusses the divergence between manufacturing and non-manufacturing PMI, highlighting that non-manufacturing PMI is exceeding expectations while manufacturing PMI is slowing. The economic recovery is driven by domestic demand, particularly in services, benefiting from reopening. Manufacturing faces challenges due to weak exports. The construction sector shows strength, indicating robust government infrastructure investment.

What impact have exports had on the production side of the economy?

What does the construction PMI suggest about government infrastructure investment?