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China’s PMI data suggests domestic demand remains soft

April 30, 2026
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ASIA/PACIFIC: China’s purchasing managers’ index fared better than expected as new export orders and imports returned to expansion for the first time since early 2024. But softer domestic activity sent the non-manufacturing PMI back into contraction. Price pressures also stayed firmly in expansionary territory, suggesting China's reflation is continuing

ING Think
ING Think

Coverage and analysis from Netherlands. All insights are generated by our AI narrative analysis engine.

Netherlands
Bias: center

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