China’s Manufacturing Sector Surges: Fastest Growth in Nearly Two Years Spotted!
Beijing, China – China’s manufacturing sector experienced a significant expansion in May, marking the fastest pace of growth in almost two years, according to a recent private survey. The Caixin survey revealed that the manufacturing Purchasing Managers’ Index (PMI) rose to 51.7 in May, surpassing expectations and showing a positive outlook for the industry. This growth contrasted with the official data released earlier, which indicated an unexpected contraction in China’s manufacturing sector for the same …