Saturday, June 1, 2013

China manufacturing stronger than expected in May





China’s official PMI rose to 50.8 in May from 50.6 in April, data showed on Saturday, beating market expectations and raising optimism that the world’s second-largest economy may be stabilising.


Investors will get a fuller picture of the Chinese economy on Monday when the official services PMI is released along with the final HSBC survey that focuses on smaller private sector firms in the country.









via Business feed http://www.scmp.com/business/economy/article/1251302/china-manufacturing-stronger-expected-may

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