The Traderszone Network

Published in TZ Latest News 30 April, 2015 by The TZ Newswire Staff

China April official PMI shows factories struggling to grow

China’s factories struggled to grow in April as domestic and export demand remained weak, reinforcing expectations that Beijing will roll out more measures to support the slowing economy. Analysts polled by Reuters had predicted a reading of 50 as the world’s second-largest economy continues to cool. “Since the current slowdown is in large part a consequence of the slow-moving property market correction, growth in China likely hasn’t bottomed out yet,” said Bill Adams, senior international economist for PNC Financial Services Group.