Official data shows China's manufacturing activities expanded at slower pace in April, while private survey points to strong improvement

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China’s manufacturing and non-manufacturing activities expanded at a slower pace in April, indicating a cooling in economic activity in the first month of the second quarter.

China's official manufacturing purchasing managers’ index (PMI) fell to 51.1 in April from 51.9 in March, according to data released by the National Bureau of Statistics (NBS) on Friday. That's below expectations, with analysts having predicted a slight drop to 51.8.

A reading above 50 indicates expansion in activities, while a reading below the mark represents contraction. The higher the reading above . . .

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