Posted inBeijing, China, Shanghai

China factory growth hits eight-month high, well above forecasts

An official Chinese gauge of manufacturing activity hit an eight-month high in May, well exceeding analyst estimates amid fears that an economic slowdown may be in the cards. The manufacturing purchasing managers’ index, released by the National Bureau of Statistics, came in at 51.9, up from 51.4 in April, and comfortably above the 50.0 number […]