A private gauge showed China’s manufacturing activity expanding at the fastest pace in four months, as production accelerated on the back of a sustained rise in new orders. The China Caixin manufacturing purchasing managers index rose to 51.

China's services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday. The Caixin/S&P Global services purchasing managers' index (PMI),

But China’s macroeconomic policies must be ‘more proactive and decisive’, with immediate implementations, to support a recovery, economist says.