China Economy

Chinese economy turns Japanese

David Llewellyn-Smith
Wednesday, 1 June 2022
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Chinese data ended May poorly. Pantheon:

  • China: The official manufacturing PMI rose to 49.6 in May, from 47.4 in April. Consensus was 49.0.
  • China: The official non-manufacturing PMI rose to 47.8 in May, from 41.9 in April. Consensus was 45.5.

Still shrinking, just more slowly

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About the author
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.