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In May, the purchasing managers' index in the processing industry of the PRC, according to official statistics, was 49.4 points, down from 50.1 points in April. Economists had expected a less significant decrease in the index - to 49.9 points. Large enterprises showed a decrease in the index to 50.3 points from 50.8 points. The indicator of medium-sized enterprises fell to 48.8 points from 49.1 points, while small companies reduced it to 47.8 points from 49.8 points. The indicator, which determines the level of new orders in China, amounted to 49.8 points, dropping from 51.4 points. New export orders showed an even greater drop, the corresponding indicator dropped to 46.5 points from 49.2 points. According to one more official data, China's PMI in the service sector retained in May the value of April at 54.3 points, which coincided with the experts' expectations.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy