China April Factory Growth Unexpectedly Slows as Economy Struggles for Traction

China April Factory Growth Unexpectedly Slows as Economy Struggles for Traction
Workers assemble robots at the production line of Chuangze Intelligent Robot in Rizhao, Shandong Province, China on April 29, 2019. Reuters
|Updated:

BEIJING—Factory activity in China expanded for a second straight month in April but at a much slower pace than expected, an official survey showed on April 30, suggesting the economy is still struggling for traction despite a flurry of support measures.

The unexpected loss of momentum at the start of the second quarter followed upbeat data in March, which had raised hopes among global investors that the world’s second-largest economy was getting back on firmer footing.