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China April PMI stabilises but rebound remains weak

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HOT AGAIN: Since the beginning of this year, China has reopened 41 steel furnaces, according to research by My Steel, an industry website.

Beijing

CHINA'S purchasing managers' index pointed to further stabilisation of the economy but fell short of analysts' estimations signalling the current rebound may be fragile.

The official PMI came in at 50.1 points, falling 0.1 point compared to March.

Analysts polled by