China's manufacturing sector expands in May; unemployment remains high

Beijing

CHINA'S vast manufacturing sector grew last month as scores of factories continued to reopen after more than two months in lockdown, but demand remains weak pointing to slow economic recovery ahead.

The Caixin/Markit Manufacturing Purchasing Manager's Index (PMI) published on Monday came in at 50.7 for May, its highest reading since January and the beginning of the coronavirus outbreak.