China's manufacturing holds steady, rebound leveling off
ABC News
A survey shows China’s manufacturing held steady in May, adding to signs a post-pandemic rebound is leveling off
BEIJING -- China’s manufacturing held steady in May, a survey showed Monday, adding to signs a post-pandemic rebound is leveling off. A monthly purchasing managers’ index issued by an industry group and the national statistics agency stood at 51 on a 50-point scale on which numbers above 50 show activity increasing. That was little-changed from April’s 51.1. Measures of production and imports rose while new orders and employment declined, according to the China Federation of Logistics & Purchasing and the National Bureau of Statistics. That indicated “market demand is insufficient,” economist Zhang Liqun said in a statement released by the Federation.More Related News