China’s manufacturing sector grew during the month of April but despite the rapid growth in the economy after the corona virus epidemic, the growth rate may be slow.
New Delhi. China’s manufacturing sector grew during the month of April but despite the rapid growth in the economy after the corona virus epidemic, the growth rate may be slow. Two surveys showed this on Friday. The monthly purchasing managers’ index released by business magazine Kexin rose to 51.9 in April from a low of 11 months in March, at 50.6. This assessment has been done on a scale of 100 points. In this, if the figure is above 100, it means that the activities are expanding. In the separate survey conducted by China’s statistics agency and an industry group, the index of manufacturing sector fell by 0.8 points to 51.1. However, despite the decline, it remains above the 50 mark, which means that activities are expanding. In this, a sub-index related to production fell by 1.7 points to 52.2. Also read: Do you know about the world’s oldest wine, its bid will be available in June, know how much the price will be Julian Evans Pritchard of Capital Economics said in a report that this shows that the pace of economic growth will decline this year. According to the report, China’s manufacturing and consumer spending reached pre-epidemic levels, but the pace of improvement is slow. In the first three months of 2021, it increased by 0.6 percent over the previous quarter. In the month of April survey, the sub-index of new export orders fell 0.8 points to 50.4 points. The survey was conducted by the Bureau of Statistics and the China Federation of Logistics and Amp, which showed a decline in purchases.