Blast at fireworks factory in China kills 21
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The official purchasing managers' index reading of 50.3 was higher than the the 50.1 expected by Reuters-polled economists.
China’s factory activity expanded for a second straight month in April, according to an official survey on Thursday, as its economy remained resilient despite higher energy prices due to the Iran war.
bne IntelliNews on MSN
Exports lift China factory activity as domestic demand remains weak
By IntelliNews China’s purchasing managers’ indices for April indicate that the supply shock stemming from the Iran war pushed price pressures higher, while manufacturing output continued to accelerate,
A massive explosion has occurred at a fireworks factory in China's Hunan province. At least 21 people have been killed and 61 injured. The intensity of the explosion has also caused extensive damage to the surrounding area.