China factory activity shrinks, as HSBC PMI drops to 49.2

“The downward revision of the final HSBC China Manufacturing PMI suggests a marginal weakening of manufacturing activities towards the end of May, thanks to deteriorating domestic demand conditions,” said Qu Hongbin, chief China economist at HSBC.

via Business feed http://www.scmp.com/business/economy/article/1252463/china-factory-activity-shrinks-hsbc-pmi-drops-492