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1.Market Observations, 8.Was Sticky

3 May 2017 (AFR) – China factory growth slows to weakest in seven months

(3 May 2w017, AFR, p10, by Yawen Chen and Nicholas Heath)

‘China’s factory sector lost momentum in April, with growth slowing to its weakest pace in seven months as domestic and export demand faltered and commodity prices fell, a private survey showed on Tuesday. The findings echoed those in official manufacturing and service sector data on Sunday, reinforcing views that China’s economic growth remains solid but is starting to moderate after a surprisingly strong start to the year. The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI) fell to 50.3 in April, missing economist forecasts’ of 51 and showing a significant decline from March’s 51.2.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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