China’s non-manufacturing purchasing managers’ index (PMI) – a gauge of sentiment in the service and construction sectors – fell to 54.9 in April from 56.3 in March. Photo: EPA-EFE China’s non-manufacturing purchasing managers’ index (PMI) – a gauge of sentiment in the service and construction sectors – fell to 54.9 in April from 56.3 in March. Photo: EPA-EFE
China’s non-manufacturing purchasing managers’ index (PMI) – a gauge of sentiment in the service and construction sectors – fell to 54.9 in April from 56.3 in March. Photo: EPA-EFE
China economy

China’s economic growth may have ‘peaked’, will ‘wane’ for rest of 2021 after April sentiment slowdown

  • China’s official manufacturing and non-manufacturing purchasing managers’ indices (PMI) dropped in April, but continued to show growth in the economy
  • Some analysts said China’s economy has peaked after a record year-on-year growth rate of 18.3 per cent in the first three months of 2021 and will slow gradually for the rest of the year

Topic |   China economy
China’s non-manufacturing purchasing managers’ index (PMI) – a gauge of sentiment in the service and construction sectors – fell to 54.9 in April from 56.3 in March. Photo: EPA-EFE China’s non-manufacturing purchasing managers’ index (PMI) – a gauge of sentiment in the service and construction sectors – fell to 54.9 in April from 56.3 in March. Photo: EPA-EFE
China’s non-manufacturing purchasing managers’ index (PMI) – a gauge of sentiment in the service and construction sectors – fell to 54.9 in April from 56.3 in March. Photo: EPA-EFE
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