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…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese education firms learn tough lessons overseas
A deep dive into China’s expectations-beating GDP growth
Rich China tourists drive luxury demand in Japan on weak yen
Philippine central bank’s deputy governor sees upside risks to inflation
IMF says US, China debt pose risks for global public finances
US economy growing at ‘modest’ pace in many regions: Federal Reserve