The Traderszone Network

Published in TZ Latest News 28 May, 2015 by The TZ Newswire Staff

China May official factory PMI seen lackluster despite stimulus moves

China’s factories struggled to expand in May despite recent interest rate cuts and other policy stimulus, a Reuters poll showed, suggesting the government may have to do more to halt a protracted slowdown in the economy. PMI, is forecast to inch up to 50.2 from April’s 50.1, according to the median forecast of 14 economists in the poll. “Although the government has unveiled a series of policy stimulus measures, the effect has yet to show up,” said Nie Wen, an economist at Hwabao Trust in Shanghai.