Caixin PMI Shows Surge in China Manufacturing, Despite Global Challenges China’s manufacturing activity surged in May, growing at the fastest rate in nearly two years, driven by production increases and new orders, particularly among smaller firms, according to the Caixin/S&P Global PMI, which rose to 51.7. Despite this positive outlook for the second quarter, global risks persist. China’s efforts to boost infrastructure and high-tech manufacturing to counter weak domestic demand and a prolonged property crisis have yet to fully impact businesses and workers. This optimistic private sector PMI contrasts with an official survey showing a decline in manufacturing activity. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Rising Non-Bank Reliance Could Amplify Financial Shocks for Big Banks READ MORE Nine years after fleeing in panic, the infamous Deutsche Bank is returning to the LBMA READ MORE Jamie Dimon Sounds Alarm on Economy Amid Inflation and Fed Tightening READ MORE U.S. Treasuries Yield $2 Million Per Minute as Rates Soar READ MORE Diminished Fed Rate Cut Hopes to Keep U.S. Treasury Yields Elevated READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment