In May this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.1, remaining stable compared to the final reading for April, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, commented that the Caixin China manufacturing PMI being above 50.0 indicates that there is an upward trend for prices of industrial products, though he added that the export situation is still grim.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.9 percent in May, up 0.5 percentage points compared to the previous month.