A CNOOC employee works on an offshore oil drilling platform in the Bohai Sea on Feb 20, 2020. - China Daily/ANN
BEIJING: China's factory activity likely rose for a third straight month in May as the economy recovered from strict lockdowns implemented to contain the coronavirus outbreak, which has hammered global business activity.
The official manufacturing Purchasing Manager's Index (PMI), due for release on Sunday, is forecast to rise to 51.0 in May, from 50.8 in April, according to the median forecast of 23 economists polled by Reuters. A reading above 50 indicates an expansion in activity.
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