ECONOMICS COMMENTARY
Apr 23, 2014
China: PMI signals fourth monthly industrial contraction, though rate of decline eases
Business conditions in China's manufacturing economy deteriorated for a fourth successive month in April, according to the flash PMI produced by Markit for HSBC. The deterioration raises the possibility of a further weakening of GDP growth in the second quarter after growth slowed to 7.4% in the first quarter.
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