BEIJING: China's factory activity softened in April, official data showed Tuesday , in the latest sign that the world's second-largest economy remains on uneven footing despite a raft of government stimulus measures.
"The latest survey data disappoint hopes for a further recovery," said Julian Evans-Pritchard of Capital Economics. Growth in factory activity from last month and new orders softened, while raw material inventories declined.Tepid global demand and a trade war with Washington that has seen tariffs slapped on more than $360 billion in goods has weighed on China's manufacturing sector.
Source: Financial Digest (financialdigest.net)
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