The supply and demand sides are synchronously recovering. In March, the manufacturing PMI returned to above the prosperity line

National Bureau of Statistics: In March, the Purchasing Managers' Index (PMI) for the manufacturing industry was 50.4%, an increase of 1.4 percentage points from the previous month, exceeding the critical point, indicating a rebound in the manufacturing industry's prosperity level. From the perspective of classification indices, among the five sub indices that make up the manufacturing PMI, the production index and new order index are both above the critical point, while the raw material inventory index, employee index, and supplier delivery time index are all below the critical point. The production index was 51.4%, an increase of 1.8 percentage points from the previous month, indicating an acceleration in manufacturing production activities. The new order index was 51.6%, up 3.0 percentage points from last month, indicating a significant improvement in the demand and prosperity level of the manufacturing market. The raw material inventory index was 47.7%, an increase of 0.2 percentage points from the previous month, indicating that the decline in inventory levels of major raw materials in the manufacturing industry has narrowed. The employment index was 48.6%, an increase of 0.6 percentage points from the previous month, indicating a rebound in the employment prospects of manufacturing enterprises. The supplier delivery time index is 49.5%, an increase of 0.4 percentage points from the previous month, below the critical point, indicating that the delivery time of manufacturing raw material suppliers has been extended compared to the previous month.