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China Manufacturing PMI Inches Higher In April

The manufacturing sector in China continued to expand in April, and at a barely faster rate, the latest survey from Caixin revealed on Wednesday with a manufacturing PMI score of 51.1.

That's up from 50.9 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were slower increases in total new work amid renewed decline in export sales.

Staff numbers continued to fall despite a further rise in backlogs.

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