China Logistics and Purchasing Federation and National Bureau of Statistics Service Sector Survey Center released in May China's manufacturing Purchasing Managers' Index (PMI) was 50.4%, down 2.9 percentage points from last month show economic growth to a certain extent down. The index for six consecutive months remained at more than 50%, reflecting the economic growth momentum has not changed. The current short-term economic growth to fall, does not mean that the Chinese economy has entered a new phase of the recession. Down at the same time focus on economic growth, but also economic development for the better. ... (full story)