In May , China Manufacturing Purchasing Managers Index ( PMI ) was 50.6% , a decrease of 0.2 percentage points from the previous month .
In terms of enterprise size, the PMI of large enterprises is 51.6% , an increase of 0.5 percentage points from the previous month ; the PMI of small and medium-sized enterprises is 48.8% and 50.8% , which is 1.4 and 0.2 percentage points lower than the previous month .
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
