May HSBC China Manufacturing PMI preview value is 51.1%
Many experts said that China's economy does not have a hard landing risk HSBC's report released recently showed that HSBC China's manufacturing PMI preview value was 51.1% in May, down 0.7 percentage points from April, hitting a 10-month low. In this phenomenon, many experts said: China's economy does not have a hard landing risk. On this issue, the "Securities Daily" reporter interviewed Guo Tianyong, director of the Research Center of the Bank of China (3.30, 0.00, 0.00%) of the Central University of Finance and Economics (microblogging column). He pointed out: First of all, there is no clear sign of a hard landing. The "Twelfth Five-Year Plan" requires China's economic growth rate to remain around 7%, but the probability of 8% is very small. Li Huiyong, chief economist of Shenyin Wanguo, also told the "Securities Daily" reporter that the Chinese economy will not have a hard landing risk as far as the current situation is concerned. Qu Hongbin, chief economist of HSBC China and co-head of Asia Pacific for economic research (column), believes that there is no need to worry about a hard landing, because the current PMI level is consistent with 13% industrial added value and 9% GDP growth. . The focus of the policy is still anti-inflation, and it is expected that current regulatory measures will continue in the coming months.
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