Market Report China’s manufacturing growth slowed in April

Editor: Susanne Hertenberger

Growth in China’s manufacturing sector slowed in April, official data recently showed, pointing to an unsteady recovery in the world’s second-largest economy.

Related Vendors

China's official full-year economic growth target for 2017 has been tagged at 6.5%.
China's official full-year economic growth target for 2017 has been tagged at 6.5%.

The monthly purchasing managers index by the Chinese Federation of Logistics and Purchasing fell to 51.2 in April, lower than the 51.8 recorded in March. The index is based on a 100-point scale on which numbers above 50 indicate expansion.

National Bureau of Statistics statistician Zhao Qinghe stated in a release that the April statistics was affected by sluggish growth in market demand and supply, and slower expansion in imports and exports. April’s index nevertheless represented an expansion in the ninth consecutive month.

China saw its slowest growth in nearly three decades in 2016. The country's huge manufacturing sector is seen as an important indicator for the wider Chinese economy. It has cooled gradually over the past six years as Beijing tries to pivot it away from heavy reliance on export-based manufacturing and investment toward consumer spending.

The official full-year economic growth target for 2017 is 6.5%, so the report.

This article has appeared in

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Unfold for details of your consent