Growth in the mainland Chinese manufacturing sector unexpectedly slowed in April as new export orders fell, data released Wednesday showed, raising fresh doubts about the strength of the economy after a disappointing first quarter.
The official purchasing managers’ index fell to 50.6 in April from an 11-month high in March of 50.9. A reading above 50 indicates expansion; below indicates contraction. Analysts had expected the April reading to be 51.
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Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/GRsE2mdulQg/
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