China official PMI hits five-month high in May, boding well for second quarter

BEIJING (Reuters) - China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's second-largest economy is regaining momentum in the second quarter following Beijing's targeted measures to bolster growth.

from Reuters: Business News http://ift.tt/1hLzVvo