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China's manufacturing continues to expand amid global energy & trade dynamics

China's manufacturing sector remained stable in April, with the PMI at 50.3, indicating continued expansion despite a slight dip compared to the previous month. Production and demand grew, while small and medium-sized firms showed improvement. Meanwhile, the UAE's exit from OPEC, driven by its desire for policy autonomy, signals weakening cohesion within the cartel, though immediate market impact is limited. Parallel to this global energy shift, China reinforced its commitment to energy conservation and carbon reduction, emphasizing structural adjustments, renewable energy, and sector-specific decarbonization strategies to align economic growth with sustainability goals. Additionally, China's progress in AI and electric vehicle innovation took center stage, as highlighted in Auto China 2026.