(Hong Kong News) The two surveys show that China's manufacturing industry has improved or stabilized at least in May.
Bloomberg reports that according to the Chinese Blind Book of the United States in the United States, China's manufacturing output in May has been significantly recovered from April in May, as well as domestic and foreign orders.
China Blood Book says that the economic recovery of the zero period of the Qing Dynasty after China has not existed, and it is too early.Although weak demand for Western economies is the main resistance of China's economic recovery, Chinese manufacturing activities have "broken the resurrection".
The report said that the revenue and profit margins of Chinese manufacturers, services and retail industries in May also increased month -on -month.The Chinese brown book launched an investigation on about 1,000 Chinese companies from May 18th to 25th.
In addition, Goldman Sachs said in a report that China ’s emerging industry procurement manager index (EPMI) in May increased the month -on -month increase.This data measures industries such as renewable energy, advanced manufacturing and biotechnology.
Shanhui said that EPMI is generally regarded as the leading indicator of China's official manufacturing PMI, which shows that manufacturing activities may begin to stabilize.She predicts that the official PMI in May released on Wednesday will rise to 49.8.
China's official PMI in April was 49.2, a decrease of 2.7 percentage points from the previous month, highlighting the situation of China's economic recovery.
