Fan Yang
All posts from Fan Yang
Fan Yang in Fan Yang,

Chinese Manufacturing Contracted for 5th Straight Month

HSBC's Chinese Manufacturing PMI has shown contraction all through 2014, although it has been "only marginal". 

(source: HSBC Manufacturing PMI)

May's manufacturing survey showed some mixed results. While economic conditions were tough and domestic demand was weak, new export orders improved the fastest pace in over 4 years. 

While the final PMI reading for May suggests the economy could be turning back up, companies continued to cut staff, due to the weak domestic demand condition.