China's factory gauge beats estimates on global trade resilience

Manufacturing purchasing managers index rises to eight-month high of 51.9 in May

China's official factory gauge has risen more than estimated as export orders accelerated, signalling that trade continues to drive expansion as the global economy powers through risks.
PHOTO: AFP

Beijing

CHINA'S official factory gauge rose more than estimated as export orders accelerated, signalling that trade continues to drive expansion as the global economy powers through risks.

The manufacturing purchasing managers index (PMI) rose to an eight-month high of 51.9 in May