The Caixin China General Manufacturing PMI expansion accelerated to 51.2 in March 2025, up from February’s 50.8, surpassing expectations of 51.1, reaching a four-month-high amid robust external demand. 

Additionally, foreign sales grew the most in 11 months.

Total new orders grew for the sixth consecutive month, while new export orders recorded their fastest expansion in nearly a year.

However, investor sentiment remained cautious as markets awaited the implementation of US President Donald Trump’s reciprocal tariffs, which are expected to further impact China’s export-driven economy. 

The Shanghai Composite rose 0.6% to surpass 3,350, while the Shenzhen Component edged up 0.4% to 10,550 on Tuesday, with mainland stocks rebounding after a two-day decline as investors reacted positively to strong factory activity data., and the offshore yuan fell to around 7.27 per dollar on Tuesday, as the looming implementation of President Donald Trump’s reciprocal tariffs overshadowed positive manufacturing PMI data. 

ETFs: (NYSEARCA:FXI), (NYSEARCA:KWEB), (NYSEARCA:CQQQ), (NASDAQ:MCHI), (NYSEARCA:ASHR), (NYSEARCA:YINN), (NYSE:TDF), (NYSEARCA:CHIQ), (NYSEARCA:GXC), (NYSEARCA:EWH), (NYSEARCA:KBA), (NYSEARCA:YANG), (NASDAQ:CXSE), (NYSE:CAF), (NYSEARCA:CWEB), (NASDAQ:PGJ), (NYSEARCA:KURE).

Currency: (CNY:USD)

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