China factory activity unexpectedly cools in April

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A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS

Summary

  • Manufacturing PMI 49.2 in April vs 51.9 in March
  • Non-manufacturing PMI 56.4 vs 58.2 in March

BEIJING, April 30 (Reuters) – China’s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness.

Reporting by Ellen Zhang, Roxanne Liu and Ryan Woo; Editing by Shri Navaratnam and William Mallard
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