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China’s Caixin/S&P Global services purchasing managers’ index (PMI) remained in expansionary territory for the 16th straight month in April, but eased from March, data released on Monday showed.
China’s manufacturing production activity expanded in April, but analysts pointed to supply-demand imbalances and lingering deflationary pressures, while services activities moderated last month.
Hefei, the capital of the eastern Anhui province, has placed a heavy focus on innovation and emerging industries, including new energy vehicles, with officials from across China eager to copy the formula for success.
A crew of more than 60 checked a China Eastern Airlines C919 during four days of tests in Shanghai.
Analysts say China’s central bank, with an eye on the yuan’s stability, could let it weaken gradually, but such a move ‘could backfire to some degree’.