China’s Manufacturing Activity Falters

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China’s Manufacturing Activity Falters
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China's weaker manufacturing PMI reading for April shows economic stabilization isn't on a solid footing

The fall-off in manufacturing activity in April follows a strong showing in March that, along with an uptick in home sales, buoyed growth in the first quarter and brightened the outlook for the Chinese economy.

Many economists expected a slight easing of factory activity in April.
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