China's April PMI Indicates Continued Economic Expansion Despite Slowing Momentum

Recent data shows China's manufacturing and services sectors expanded at a slower pace in April, underlining challenges in sustaining economic growth.

• China's manufacturing PMI stood at 50.4 in April, slightly down from 50.8 in March, indicating ongoing but decelerated expansion.
• Services sector growth also slowed, with the non-manufacturing PMI dropping to 50.3 from 52.4, marking the slowest growth since January.
• Despite the slowdown, both manufacturing and services sectors remain above the 50-point mark, suggesting continued economic expansion.
• Investors and analysts anticipate further stimulus measures from Chinese authorities to bolster the economy amidst external and domestic challenges.
• Economic indicators such as retail sales and property investment remain weak, casting doubts on the strength of the recovery.

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SHINE SHINE CNA South China Morning Post