Melani Warod

Yesterday, China's stream and purchasing the federation (CFLP) Release manager's index (PMI) of purchase of Chinese manufacturing industry of May . Data display, CFLP Chinese manufacturing industry PMI is 53.1% in May, it falls 0.4 percentage points after rise than last month.

China's stream and purchasing the data display of the federation, the Chinese manufacturing industry PMI index basically keeps steady in May. Compare in the same moon, in PMI index system, each itemizing the index though rises to drop, but hoist or lower the range not big. Among them, new export order form index, finished product stock index and buying the price index to rise, increasing degree is among percentage point 1 to 1.8; Other indexes slightly fall after rise, there is within 0.5 percentage points more range that fall after rise.

To May manager of manufacturing industry purchase situation of investigation, the intersection of China and stream and purchase Zhang LiQun, special analyst of federation, show, PMI index continues keeping above 50% in May, indicate the situation that economy will continue keeping rebounding. "It is the regular change to relatively slightly fall after rise last month. The fluctuation that PMI index is above 50%, so long as not the continuous change of the single direction, seldom have a prediction meaning of trend nature. " He says.

China PMI data as to May, deliver the report to think, though relatively fall a little after rise in April for Merrill Lynch's securities, but still is higher than expectancy. Merrill Lynch shows, during 4, May, China's economic recovery orbit is clear and sane, and point out at the same time, it initiates the rising of assets price, especially commodity price to higher than anticipated PMI. And the chain rate drops in May slightly to mainly influenced by seasonal adjustment. Lyons the intersection of securities and economic the intersection of research department and executive striking to think big to show PMI have conclusive sign show for the first time, really the result is arising in the motive force of the policy.

In detailed a data of May, the new export order form index rose to 50.1 from 49.1 in April, stand in median value already, this, since being in the 2008 for the first time, cause and shoot the concern of the conduct abroad. Morgan the intersection of person and red favourable chief the intersection of economist and Wang Qing, district of Greater China, show, this change reveals that exports the weak and weary situation to change to some extent.

The stock index in detailed one has been still paid close attention to under 50 too. Wang Qing points out, two items are still lower than 50 about index held in store, explain the stock course has not been over yets. Merrill Lynch the intersection of Chinese and land, economist of district, show too very much, the data display of the stock, though iron ore and coloured metallic import increase by a wide margin, but go the stock course has not been over yet. If new the intersection of order and quantity can keep present ascending situation, less than 50 the intersection of stock and data mean several of future produce and further rise month. Striking to think bigly and shows, the decreasing amplitude of the stock is expanded in May, this is really encouraging.

As to future tendency, PMI of China, Morgan the intersection of person and red profit expect, GDP growth rate of China will rise season by season this year. Because PMI reflects the monthly change, in the next several months, this index will have continued to occupy above 50. Morgan the intersection of person and red profit emphasize because China economic growth meet ins and outs already at the same time, the slowing down of speedup of the newly-gained loan will not hinder economic recovery.