align="left"> On April 1, the release of goods China manufacturing PMI, recorded in March 49.7, 1.7% higher than that in February, though still lower than 50.0 critical value, but that is 13 months to record, show slight slowdown in manufacturing run.

This trend is the same as the national bureau of statistics of China manufacturing PMI. In march, according to the national bureau of statistics data of Chinese manufacturing purchasing managers' index (PMI) is 50.2%, than the 1.2% rise in February, back into expansion interval.

March gain in the new China manufacturing PMI, manufacturing output recovered for the first time in a year, but rose slightly. Support of the total output is expanding new business picks up, but the latter is also slight. Some vendors mentioned customer potential needs improving. However, weak overseas demand, continue to drag down growth in new orders, at present, the new export business has 4 consecutive months is reduced.

At the end of the first quarter, Chinese manufacturers continue to compress recruitment. In march, the overall employment shrinkage rate is considerable, from February hit a record high after the financial crisis slowed slightly only. The reason of the labor contract is generally with the manufacturer for cost savings and compress the size of the measures.

However, some positive signs are beginning to appear. In march, the average manufacturing input costs rose for the first time in 20 months, the overall gain is small, many vendors mentioned raw material prices. In view of the rising production cost, also improve the product manufacturer month price, producer price index for the first time since July 2014, more than 50.

Caixin media chief economist, said he fan march gain new China manufacturing PMI all component is improved in February, two output, new orders sub-index upward breakthrough level 50 threshold line, suggest that stimulation of the previous policy effect is gradually. In view of the current China's recovery remains unclear, the government continued to maintain a moderate amount of stimulus, leading the market confidence.