The China Federation of Logistics and Purchasing said Wednesday that its purchasing managers' index for April declined to 50.6 points from 50.9 points in March. Numbers above 50 indicate an expansion, on a 100-point scale.
Federation economist Zhang Lijun said export orders, prices and other indicators have been declining steadily.
He says that given these factors, future economic growth might "decline slightly."
China's economic growth unexpectedly slowed in the first quarter of this year, indicating its economic recovery is fragile. |