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 flash Purchasing Managers Index (PMI) for April rose to 48.3 from March's final reading of 48, still below the 50 line separating expansion from co…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results