China posts rise in output, employment figures

Beijing

CHINA'S manufacturing activity remained strong in March, a sign the world's second-largest economy has stabilised. But analysts warn that unaddressed structural overcapacity risks continue to loom with recent monetary tightening to weigh on growth in the coming quarters.

China's official Manufacturing Purchasing Managers' Index expanded to a five-year high of 51.8 in March up from 51.6 in February as the construction sector, boosted by government-funded projects, continued to remain strong.