Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) data showed a different trend from the official government PMI data, which fell more than expected to 49.4, indicating a contraction in the Chinese manufacturing sector activity in May. Photo: AFP

China’s manufacturers enjoy stable May after boost in export orders despite US trade war, survey shows

  • Caixin/Markit Manufacturing Purchasing Managers’ Index remained unchanged at 50.2 despite trade war escalation
  • Rise in export orders may be due in part to front-loading ahead of the increase in tariffs levied by US President Donald Trump on US$200 billion worth of Chinese goods
Topic |   China economy

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Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) data showed a different trend from the official government PMI data, which fell more than expected to 49.4, indicating a contraction in the Chinese manufacturing sector activity in May. Photo: AFP
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An index reading above 50 indicates growth, while anything below 50 indicates a contraction. Photo: AFP

China’s manufacturing index drops into negative territory in May as economic pressures mount

  • The manufacturing purchasing managers’ index (PMI), a gauge of sentiment among factory operators, fell to 49.4 in May
  • This was a decrease on April’s performance of 50.1, and below the median expectations of a poll of Bloomberg analysts, which had predicted a drop to just 49.9
Topic |   China economy

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An index reading above 50 indicates growth, while anything below 50 indicates a contraction. Photo: AFP
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