Private indices show China economy in sluggish growth in May
Tepid signs of activity coincide with signals from policymakers that they want to keep a lid on rising debt
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
AFTER something of a roller-coaster ride in March and April, China settled into sluggish growth in May, according to the earliest batch of private indicators tracking the world's second-largest economy.
The Minxin manufacturing index from the China Academy of New Supply-side Economics, Market News International's business confidence indicator and Standard Chartered plc's small-business gauge all retreated. On the brighter side, sales managers saw stronger activity, a manufacturing gauge based on satellite images rose a second month, and there was an uptick in Internet searches related to smaller businesses.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
