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China growth worries still remain

May 01, 2015 2:25 AM ETFXI, PGJ, EWH, CAF, GXC, FXP, TAO, HAO-OLD, FCHI, XPP, YAO, CHIQ, CHII, YINN, YANG, CQQQ, QQQC-OLD, CHIX, CHIE, CHIM, YXI, ECNS, MCHI, FCA, EWHS, FHK, CXSE, KFYP, KWEB, ASHR, CHNA-OLD, KBA, ASHS, CN, CNXT, AFTY, GLCNBy: Yoel Minkoff, SA News Editor6 Comments
  • China's manufacturing and services sectors showed signs of modest growth last month, though not enough to dispel fears about a downhill slide of the world's second largest economy.
  • China's official manufacturing PMI came in at 50.1 in April, unchanged from March, in another sign the country is struggling to maintain momentum.
  • The non-manufacturing sector remained above the 50 level but its expansion rate slowed to 53.4 from 53.7 last month.
  • The readings come after China's weak performance in the first quarter. GDP grew 7% on year, the slowest pace since the first quarter of 2009.
  • Chinese markets are closed today for Labor Day.
  • ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, HAO, YANG, TAO, CHIX, PEK, CHIQ, CQQQ, MCHI, QQQC, XPP, YAO, ASHS, YXI, CN, CHXF, FCA, CHNA, CNXT, CHII, ECNS, CHIE, EWHS, CHIM, KBA, KFYP, FCHI, FHK, AFTY

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