China's manufacturing activity contracted in May, a survey has shown, indicating that the rate of growth in the economy is continuing to slow.
The HSBC Purchasing Manager's Index (PMI) fell to 48.7 from 49.3 in April.
The data comes amid fears that a global economic slowdown may hurt demand for China's exports in key markets such as the US and Europe.
The PMI is a key indicator of manufacturing activity and a reading below 50 indicates contraction.
The HSBC index has remained below that mark for seven straight months now.
The official PMI data for May is expected to be released in the first week of June.
Source & Image : BBC
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