China manufacturing activity expanded in April

Note: This section contains information in English only.
Source: Bloomberg
Chinese manufacturing activity expanded in April for the fifth consecutive month, reducing pressure on officials to boost monetary accommodation. China's PMI climbed from 53.1 in March to 53.3 in April, official data showed on Tuesday. Economists questioned by Bloomberg predicted the index to reach 53.6. HSCB Holdings preliminary index, released last week, showed production activity may have declined for a sixth straight month.
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