Manufacturing activity slowed in China in April as exports were hit by sluggish overseas demand, HSBC said Tuesday, fuelling concerns about the strength of the world's second-largest economy.
Manufacturing activity in China slowed in April due to sluggish foreign demand, HSBC said Tuesday, in a sign of further weakness in China's economy. The April preliminary result came in lower on the back of decreasing new export orders and employment.
The preliminary figures come just over a week after China revealed growth in the January-March quarter had slowed from the previous three months and HSBC said Beijing would likely move to take measures to stoke economic activity.
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