In the first quarter, profits of China's industrial enterprises above designated size increased by 15.5% year-on-year. The second batch of 915 billion yuan in equipment renewal projects and funding arrangements for "new infrastructure and new urbanization" has been allocated for 2026. In April, China's manufacturing Purchasing Managers' Index (PMI) stood at 50.3%, remaining in expansion territory. These are the most noteworthy data points of the week.
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