BEIJING — China’s factory activity grew in April despite a tariff war with Washington, two surveys showed Tuesday, adding to signs a slowdown in the world’s second-largest economy might be bottoming out. Activity was weaker than the previous month but an improvement over February, when manufacturing indicators fell to a three-year low. Chinese economic growth held steady in the latest quarter at 6.4% over a year earlier. Analysts cautioned, however, that the world’s second-largest economy still faces downward pressure due to weak consumer demand at home and abroad. Both of Tuesday’s surveys “still point to weak export growth,” Julian Evans-Pritchard of Capital Economics said in a report.

Source: National Post April 30, 2019 03:38 UTC