China small factory activity rises in May as coronavirus lockdowns end

Production at smaller Chinese factories improved sharply in May, with a return to growth in overall activity after last month’s contraction, according to new data released on Monday.The Caixin manufacturing purchasing managers’ index (PMI) rose to 50.8 in May – its highest level since January – from 49.4 in April, as the sector improved after the end of months of lockdowns because of the coronavirus pandemic. A figure below 50 indicates sector activity is contracting. The further below 50, the…

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