China April manufacturing activity drops to year low
(Xinhua) Updated: 2015-04-23 13:30BEIJING - Manufacturing activity in April fell to a 12 month low at 49.2, according to HSBC's preliminary purchasing managers' index released on Thursday.
The HSBC/Markit flash China manufacturing output index posted 50.4 this month, a three-month low, data company Markit said in a statement.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
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