China’s official manufacturing purchasing managers’ index (PMI) is 50.8% in April, which sets 1.2% lower from last month; the non-manufacturing PMI is 53.2% and up 0.9% compared with the previous month, according to the data released by National Bureau of Statistics (NBS).

Fig. 1: Manufacturing PMI (Seasonally Adjusted)

Fig. 2: Non-manufacturing PMI (Seasonally Adjusted)