China manufacturing weakens in April: survey

Beijing

CHINESE factory activity weakened further in April, a private survey indicated on Tuesday, as muted demand and market weakness hit the struggling export-oriented sector.

The Purchasing Managers' Index by Caixin, which tracks activity in the country's factories and workshops, fell to 49.4 for April, a 0.3-point drop from the month before and the 14th consecutive month of decline.