China's factory activity in April shrinks for 4th month

Pace of decline eases, helped by govt policy tweaks

[BEIJING] China's factory activity shrank for the fourth straight month in April - signalling economic weakness into the second quarter - a preliminary survey showed yesterday, although the pace of decline eased, helped by policy steps to arrest the slowdown.

Analysts see initial signs of stabilisation in the economy due to the government's targeted measures to underpin growth, but believe that more policy support may be needed as structural reforms put additional pressures on activity.

The HSBC/Markit...

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