China PMIs slip below the waves


You simply cannot have the universe’s largest property crash and keep growth running consistently.

In April , the manufacturing purchasing managers index ( PMI ) was 50.4% , down 0.4 percentage points from the previous month. It has been in the expansion range for two consecutive months. The manufacturing industry continues to maintain a recovery and development trend.

Still growing but fading across the board:

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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.