China's factory activity grows at slower pace in April

Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #policeBEIJING - China's manufacturing activity expanded at a slower pace in April, an official factory survey showed on Tuesday, suggesting some loss of momentum for the sprawling sector at the start of the second quarter.

New export orders grew at a much slower rate, while employment continued to shrink, the NBS PMI data showed. Investors expect Chinese authorities to launch more stimulus to support the economy and are waiting for the Politburo meeting, which is expected to focus on economic affairs this month. The Politburo is expected to hold its monthly meeting by the end of the day.

Officials this year underscored the need for economic development based on innovation in advanced sectors.

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