China PMIs remain subdued, suggest more easing to come

Beijing

CHINA'S PMIs remained subdued in May, despite recent monetary support, prompting analysts to expect more policy easing in the coming weeks.

China's official Purchasing Managers Index edged up to 50.2 from 50.1. While the PMI data compiled by HSBC and Markit was 49.2 from 48.9. A reading above 50 points indicates growth on a monthly basis, while one below that points to contraction.