China's manufacturing sector saw a notable contraction in April as the Purchasing Managers' Index (PMI) dropped to 49.0 from 50.5 in March, reflecting weaker global demand and ongoing trade tensions.
The non-manufacturing PMI edged down to 50.4, suggesting the services sector is still expanding but at a slower pace. Key industries such as air transport, telecommunications, and Internet software continued to show strength, while water transport and capital market services slipped below the growth threshold.
This softening of factory activity highlights increased pressure on China's economy as it faces persistent global trade challenges and shifting demand dynamics.
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