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China Daily / 2023-06 / 29 / Page008

Manufacturing sector needs restorative shot in the arm

China Daily | Updated: 2023-06-29 00:00

Shrinking manufacturing demand has become a global trend, and that poses a challenge to China's manufacturing industry.

According to the data released by the National Bureau of Statistics on Wednesday, the profits of industrial enterprises above designated size across the country fell by 18.8 percent year-on-year from January to May.

China's manufacturing purchasing managers' index fell from 52.6 in February to 48.8 in May, while exports fell 7.5 percent year-on-year in May.

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