CHINA’S manufacturing activity contracted for the first time in seven months in May as demand both at home and abroad fell, a survey showed yesterday.
It reinforced fears that recovery in the world’s second-largest economy has been weaker than expected, and may prompt policy changes.
The HSBC Flash China Manufacturing Purchasing Managers’ Index, the earliest available indicator of China’s industrial sector’s vitality, retreated to 49.6 in May from April’s final reading of 50.4.
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Wang Yanlin via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/1uBBa-g6pOU/
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