China April manufacturing sector steady at 50.1, little growth

Activity in China`s manufacturing sector barely grew in April, an official survey showed on Friday, holding slightly above the level separating expansion from contraction.

Shanghai: Activity in China`s manufacturing sector barely grew in April, an official survey showed on Friday, holding slightly above the level separating expansion from contraction.

The official Purchasing Managers` Index (PMI) stood at 50.1 in April, identical to the previous month`s reading and above the 50-point mark that separates growth from contraction on a monthly basis.

Analysts polled by Reuters had predicted a reading of 50 as activity in the world`s second-largesy economy continues to cool.

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