The recovery in China’s manufacturing sector lost some momentum in April, according to a key economic indicator. Beijing’s statistics office said on Tuesday that the Purchasing Managers’ Index (PMI) fell from 50.8 to 50.4 points in April. However, this was the second month in a row that the index was above the critical 50-point mark, above which an expansion in industrial activity is to be expected. According to official figures, China’s economy started the new year stronger than expected. As the statistics office announced in mid-April, growth in the first quarter was 5.3% compared to the fir…