China's factory activity reported its fastest growth in nearly two years in May, with Caixin manufacturing PMI rising to 51.7.

China's factory activity reported its fastest growth in nearly two years in May, according to a Caixin/S&P Global survey. The Caixin manufacturing PMI rose unexpectedly to 51.7 from 51.4 in April, with production and new orders contributing to the growth. The expansion in factory activity is expected to support economic recovery in Asia, as businesses continue to rebound from the impacts of the pandemic.

June 02, 2024
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