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BEIJING (Reuters) – China's manufacturing ontogeny slowed in April, a analyse showed on Sunday, suggesting that the government's tightening efforts hit weighed on the world's second-largest frugalness more heavily than expected.

The authorised purchasing managers' finger for China lapse to 52.9 in Apr from 53.4 in March, substantially unsure of market forecasts for an process to 54.0.

The survey, which is fashioned to wage a photograph of conditions in China's vast manufacturing sector, was mostly in distinction with a separate PMI sponsored by HSBC publicised on Friday that clung nearby a seven-month baritone at 51.8 in April.

With inflation streaming at its fastest in nearly threesome years, China has condemned a series of contract actions to rein in prices, raising welfare rates and banks' required force multiple times, arrangement banks to lend less and speeding up the pace of currency appreciation.

On the constructive lateral of the ledger, the authorised PMI showed that these steps hit at small partially hit the mark. A sub-index activity signaling prices lapse to 66.2 in April, a seven-month low, from 68.3 in March.

But the analyse also flashed worrying signals for the global economy, which has embellish progressively reliant on Asiatic obligation as a maker of ontogeny with the United States, Europe and Japan ease struggling to recover from the business crisis.

"Overall, the PMI shows there is ease a possibility that the Asiatic frugalness may andante down, especially as falling obligation ontogeny leads to adjustments in inventories, increasing the possibility of slowing scheme growth," said Zhang Liqun, a polity researcher.

The newborn orders sub-index damaged to an eight-month baritone of 53.8 in Apr from 55.2 in March. Much of that drop was unvoluntary by slower ontogeny in goods orders, whose sub-index unfit to 51.3 from 52.5.

"The fall may show that goods ontogeny module continue to andante down," Zhang said in a comment on behalf of the China Federation of Logistics and Purchasing, which compiles the authorised PMI.

GROWTH STILL ROBUST

Despite Beijing's sustained tightening crusade over the time half year, economists polled by Reuters ease wait the Asiatic frugalness to modify at a nearly double-digit pace this year. They prognosticate that it module grow 9.5 proportionality in 2011 after terminal year's 10.3 proportionality expansion.

In a measure of that robust momentum, it was the 26th straight period that the authorised PMI had stood above the threshold of 50 that demarcates treatment from contraction.

The World Bank said on weekday it was too early for China to prevent its contract tightening as it upraised its year-average inflation prognosticate in a quarterly analyse of the economy.

Stubborn price pressures hit oxyacetylene market talk that Peiping could let the yuan uprise at a faster clip, or even verify more drastic state by pushing finished a large reassessment of the currency.

The polity has in the time consistently ruled out a one-off revaluation, saying there were no grounds for some major shift in exchange evaluate policy. Yet it has demonstrated its appetite for a gradually stronger yuan in past weeks by guiding it to a activity of achievement highs against a inactive dollar.

Investors are on protect for the incoming ammo of Asiatic monetary tightening. The bicentric bank has upraised welfare rates quaternary times since Oct and economists polled by Reuters wait added process over the incoming digit months.

(Additional reporting by Sally Huang; Editing by patriarch Kang Lim)

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