by Editor | June 2, 2014 3:16 am
BBC – China’s factory activity grew in May at its fastest pace this year, according to government figures, a positive sign amid the wider economic slowdown.
The official purchasing managers index (PMI) hit 50.8 in the month, up from 50.4 in April, the National Bureau of Statistics said. Any reading above 50 indicates growth.
The reading was higher than analysts had expected.
China’s government has recently introduced measures to boost growth.
The country’s economy grew by 7.4% in the first three months of the year, down from 7.7% growth in the previous quarter.
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