China April PMI stabilises but rebound remains weak

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 Reuters had predicted the reading would improve to 50.4.

A figure above 50 signals growth, while anything below means contraction.

"As investment recovered, the property market turned around and infrastructure construction speeded up, and the expansion of the manufacturing sect…