Growth of manufacturing in China slows during April

<p>New data has shown manufacturing slowed in China last month.</p>

The release of new data has shown the manufacturing industry in China slowed during the course of last month.

It was revealed by the statistics that Purchasing Managers' Index (PMI), which is viewed by investors to be a key measure of manufacturing activity, dropped to 50.6, from 50.9 in March.

"The dip in April PMI shows that the foundation for China's economic recovery is still not solid," said Zhang Liqun, an economist at the Development Research Centre, which is a top government think tank in Beijing.

Growth in the Chinese economy has slowed down in the last few weeks, with data showing the Asian nation's economy expanded at an annual rate of 7.7 per cent in the first three months of the year, which is down from 7.9 per cent in the previous quarter.

The Nikkei recently (April 23rd) dropped on the back of weak manufacturing data from China and it seems likely these new figures could have a similar impact on the index.

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