Manufacturers at China’s biggest trade show remain cautious on the outlook for the domestic and global economy and say they are unlikely to increase employment significantly, despite some indicators pointing to a rebound in this crucial sector.
Output growth in the manufacturing and construction sector rose from 6.1 per cent in the last quarter of 2016 to 6.4 per cent in the first quarter of this year, helping the Chinese economy expand at a slightly faster pace than expected, according to government data released on Monday.
Last month’s purchasing managers’ index suggested March was the first month since 2012 in which Chinese factories had not shed jobs.
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