China growth worries still remain

|By:, SA News Editor

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.

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