China’s factory activity slows, denting recovery
Ellen Zhang and Ryan Woo
Beijing | China’s manufacturing and services activity both expanded at a slower pace in April, official surveys showed on Tuesday, suggesting some loss of momentum for the world’s second-biggest economy at the start of the second quarter.
The cooling activity from sizeable gains made in March highlights erratic demand growth and underlines the challenges facing policymakers even though a solid first quarter GDP out-turn has reduced some of the urgency to ramp up stimulus measures.
Reuters
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