(MENAFN- Qatar News Agency) ijing April 23 - China's manufacturing activity has continued to contract in April but at a slower pace according to HSBC's preliminary purchasing managers' index (PMI) released on Wednesday. The HSBC/Markit China flash manufacturing PMI for April rose to 48.3 from a final reading of 48.0 in March said data company Markit in a statement. In March the reading hit an eight-month low after declining for the third consecutive month according to China's (Xinhua) News Agency.. A PMI above 50 percent indicates expansion while one below 50 percent indicates contraction.
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