Chinese manufacturing expanding again

Chinese manufacturing industry expanded slightly in March after a painful, months-long decline that wiped out millions of jobs.

Chinese manufacturing industry expanded slightly in March after a painful, months-long decline that wiped out millions of jobs.

The state-sanctioned China Federation of Logistics and Purchasing said last week its purchasing managers index, based on a survey of manufacturers, rose to 52.4 in March, up from February’s 49. Numbers above 50 show an expansion in manufacturing.

The collapse in trade has forced thousands of Chinese factories to close, and the government says at least 20 million people have been thrown out of work.