China manufacturing activity slips in April

China manufacturing activity slips in April
Beijing (AFP) May 1, 2011 - Manufacturing activity in China slowed slightly in April and the costs of raw materials fell, according to official data released Sunday, as Beijing tries to cool the world's second-largest economy. The purchasing managers index (PMI) slipped to 52.9 in April from 53.4 in March, the China Federation of Logistics and Purchasing said in a statement. Data released by British banking giant H ... more

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