China's manufacturing PMI drops

China's manufacturing PMI dropsBeijing, May 1 - China's Purchasing Managers' Index for the manufacturing sector fell to 50.6 percent in April from 50.9 percent in March, the China Federation of Logistics and Purchasing (CFLP) said Wednesday.

It was the seventh consecutive month that the PMI figure stayed above 50 percent, which demarcates expansion from contraction, according to a statement of the CFLP, reported Xinhua. (IANS)