Higher PMI reading lifts hopes of reversing China's first-quarter slowdown

The official Purchasing Managers' Index (PMI) rose to 50.8 from 50.6 in April, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday. That was higher than all estimates in a Bloomberg survey of 30 analysts and above the median projection of 50, which divides growth from contraction.

via Business feed http://www.scmp.com/news/china/article/1251646/higher-pmi-reading-lifts-hopes-reversing-chinas-first-quarter-slowdown