The RatingDog China General Composite PMI rose to 53.1 in April 2026 from March’s three-month low of 51.5, signaling a solid pickup in overall business activity as both manufacturing output and services expanded at a faster pace. Total new business grew more strongly, supported by firmer inflows across both sectors, while outstanding work increased for a third consecutive month, pointing to sustained demand. Employment was broadly stable, slipping only marginally from the previous month. On the price front, cost pressures intensified, with input prices rising at the fastest rate since April 2022, largely driven by manufacturing. Firms responded by raising selling prices, with charge inflation accelerating to a 31-month high, reflecting efforts to pass through higher costs and protect margins.