中国4月财新制造业PMI 50.4，预期49.8，前值51.2。

Core Insights - China's Caixin Manufacturing PMI for April is reported at 50.4, exceeding expectations of 49.8 and down from the previous value of 51.2 [1] Group 1 - The Caixin Manufacturing PMI indicates a slight expansion in the manufacturing sector, as a reading above 50 signifies growth [1] - The current PMI reflects a decrease from the previous month, suggesting potential challenges in sustaining growth momentum [1]