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China’s manufacturing sector marginally expands in April

Official data released on Sunday showed that activity in China’s manufacturing sector expanded in April, albeit slower than expected. The official Purchasing Managers’ Index or PMI stood at 50.1 in April, down 0.1 point on monthly basis. Meanwhile, a survey shows the country’s service sector activity also slowed in April, with non-manufacturing PMI at 53.5 down from 53.8 in March.

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