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China's growth rebounds amid global economic headwinds

China's manufacturing PMI rebounded to a 12-month high of 50.4 in March, signaling a return to economic expansion. A similar upward trend is seen in the high-tech sector, with revenue rising 14.6% year-on-year in Q1 and daily AI token consumption reaching 140 trillion.   On a global scale, however, the world economy remains under pressure amid the Iran conflict. The past month has seen extreme oil price volatility and supply disruptions, triggering renewed inflation risks in major economies and prompting downward revisions to global growth outlooks.