China’s manufacturing sector saw its fastest expansion in 13 months in March, with business confidence reaching an 11-month high due to growing domestic and international orders, according to a private survey. The Caixin/S&P Global manufacturing PMI rose to 51.1, surpassing expectations for the fifth consecutive month of expansion. Positive export and retail sales data suggest a strong start to the year for China's economy, leading Citi to raise its 2024 growth forecast to 5%.