An employee works at a factory of Renesas Semiconductor Co following the outbreak of Covid-19, in Beijing, China May 14, 2020. — Reuters pic
The Purchasing Managers’ Index , a key gauge of activity in China’s factories, was at 50.6 points in May, remaining above the 50-point mark separating growth from contraction each month. Non-manufacturing PMI was at 53.6 in May, a slight increase from the month before, with the NBS flagging that the construction and service industries are showing signs of recovery.
They added that even with exports of coronavirus-related medical supplies providing a boost in recent weeks, this is not likely to offset external challenges.
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