China May manufacturing new fiscal PMI 49.2, expected 49.2, the former value of 49.4.

New China manufacturing PMI recorded 49.2, down 0.2 from the previous month, the new orders index fell again to below Coorong line, reflecting the downturn in customer demand. China’s economy improved in the first quarter could not be sustained, the economy is still being repeated bottoms. The Government still needs to play an active role in underpinning fiscal policy, supplemented by a prudent monetary policy to prevent the economy down quickly.
Source: Wall Street CN