Business

China manufacturing shrinks for 4th month

By Kelvin Chan
Published May 5, 2014 10:34am ET
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China manufacturing shrinks for 4th month
A shopper walks past a man smoking outside a sportswear outlet at a shopping mall in Beijing Monday, May 5, 2014. China's manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world's No. 2 economy is bottoming out. (AP Photo/Andy Wong) | Andy Wong

HONG KONG (AP) — China’s manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world’s No. 2 economy is bottoming out.

HSBC’s purchasing managers’ index released Monday ticked up to 48.1 from 48.0 in March on a 100-point scale on which numbers above 50 indicate expansion.

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