More Reason Not to Overpay Govt

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>May 4, 2009, 3.11 pm (Singapore time)

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>China non-mfg PMI rises further in April

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BEIJING - China's purchasing managers' business activity index for non-manufacturing sectors rose to 59.0 in April from 55.7 in March and 41.9 in February, the China Federation of Logistics and Purchasing (CFLP) said.

A reading over 50 indicates an expansion of activity while one below 50 suggests contraction.
The non-manufacturing sector includes retailing, airlines, transportation, construction and catering.
China's overall manufacturing PMI rose to 53.5 in April from 52.4 in March, reflecting strength in output and new orders. -- REUTERS

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