Huo Lihui
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China's May factory activity flat as weak demand slows growth
China's May factory activity flat as weak demand slows growth BEIJING: China's factory activity was flat in May after two months of expansion, official data showed Sunday (May 31), as weaker demand and rising energy costs due to the Middle East war weighed on growth. The manufacturing purchasing manager's index - a key measure of industrial activity - was 50.0 in May, according to the National Bureau of Statistics (NBS). The 50.0 mark separates expansion from contraction.
China's factory activity flatlines in May casting doubt over the economy
China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions. China's vast factory sector lost momentum last month, according to official figures published on Sunday, renewing questions about how long the world's second-largest economy can withstand a deepening global energy crisis and stubborn...