In the first quarter, profits of China's industrial enterprises above the designated size increased by 15.5% year-on-year. The central government has allocated the second batch of funds for 2026, totaling 91.5 billion yuan, to support the renewal of equipment in new sectors and new infrastructure projects. 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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