May PMI releases economic slowdown signal Li: Economic activity is still too strong

The rapid growth of China's economy this year began to signal a slowdown, Shi.　　China's manufacturing Purchasing Managers ' Index (PMI) was 53.9% in May, down 1.8% from April, according to data released yesterday by the China Logistics and purchasing Federation. PMI is a comprehensive index consisting of 5 indices, such as new orders, production, and inventories. PMI is above 50%, reflecting the overall expansion of the economy, below 50%, reflecting the recession.　　As of May this year, the index has remained above 50% for 15 months, while the May PMI has fallen, but remains relatively high, reflecting a steady trend in China's economic development. Statistics show that in May PMI overall showed a retreat, the 11 index of the finished product inventory index rose to 3.6%; Among them, the purchase price index fell to the largest, reached 13.7%, which is related to the international commodity prices in May a certain extent fall.　　In addition, the index of new export orders fell by 0.7% in May from April, affected by the European debt crisis. In addition, the May PMI, the institutional version of HSBC China, released yesterday, saw a 11-month low at the lowest level, down from 55.2 in April to 52.7 per cent. Qu Hongbin, HSBC's China chief economist, said the data showed the risk of overheating in China's economy eased.　　Benefiting from massive infrastructure investment and flexible private consumption, China's economy will continue to grow steadily in the second half of this year, with no two dip. "Although real estate sales have slowed sharply, China's economic activity is still too strong." China is under the risk of overheating or is on the verge of overheating. "There is also a similar view of the central bank's monetary policy committee member, Li. Li said publicly yesterday that it should allow the renminbi to appreciate gradually, in addition to a modest increase in deposit rates.