China’s manufacturing sector rebounded slightly in May, providing a small measure of comfort to investors worried about deteriorating growth in the world’s second-largest economy.
The Chinese government’s official purchasing managers’ index came in at 50.8 in May, up slightly from 50.6 in April and above most economists’ forecasts.
“The slight rise in the manufacturing PMI shows the economy is stabilising,” said Zhang Liqun, an economist at the Development Research Centre, a Chinese government think-tank.
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