Expect Turbulence as China Bids to Deleverage: Marcussen
China’s official factory gauge remained above the dividing line that signals improving conditions for a third month, adding to recent evidence of stabilization in the world’s second-largest economy. The manufacturing purchasing managers index stood at 50.1 in May, the nation’s statistics agency said Wednesday, matching April’s level and compared with median estimate of 50 in a Bloomberg News survey of economists. The non-manufacturing PMI was at 53.1 compared with 53.5 in April. Numbers above 50 indicate improving conditions. Societe Generale Global Head of Economics Michala Marcussen discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."
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