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04 May
01:00

Chinas manufacturing sees worst month in a year in April

China’s manufacturing sector is continuing to struggle, seeing the fastest slowdown in a year in April, according to HSBC. Official government figures continued to show minimal growth and a marked slowdown in activity at small and medium enterprises, Kallanish notes. HSBC’s China manufacturing purchasing managers’ index (PMI) came in at 48.9 in April, down from 49.6 in March and a preliminary reading of 49.2 just over a week ago. …
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