In a bold move to bolster its economy, China's recent massive stimulus package (Keynes' wet dream) has ignited a modest resurgence, as indicated by the latest March official Purchasing Managers' Index (PMI) report.

The Manufacturing PMI surged to 50.8, surpassing the estimated 50.1 and the previous 49.1. Similarly, the Non-Manufacturing PMI rose to 53.0, exceeding both the forecasted 51.5 and the prior 51.4. Notably, the Composite PMI climbed to 52.7 from the previous 50.9.

Let's see when the next fuel has to be poured into the tank of the straw fire.