PMI points to economy stabilising but no rebound in sight yet
Add BT as a preferred sourceBeijing
CHINA'S purchasing managers' index (PMI) in May point to stabilisation of the economy, but not a rebound, as recent stimulus measures are being felt on the ground, but global demand remains weak.
The official PMI, which tracks activities in the country's factories and workshops, expanded for a third straight month and came in at 50.1.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
