China's factory activity falls faster than expected as recovery stumbles

China's factory activity contracted faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers' index (PMI) fell to 48.8 from 49.2 in April,…

#pmi #nbs #australian #newzealand #brucepang #joneslanglasalle #pang #nomura #rrr #liqiang