Barclays economists anticipate China's manufacturing sector will remain
resilient in the near term. The official manufacturing PMI rose to 50.4 in
March, with production and new orders also returning to expansion. The bank
notes this suggests a limited impact from the Iran conflict on China's supply
and demand. Furthermore, the new export orders subindex reached a two-year high,
driven by global demand for green energy products, highlighting how the global
green transition is benefiting China.
