In addition, from the perspective of enterprise size, official data show that the PMI of large enterprises is 50.7%, up 0.4 percentage points from the previous month; The PMI of small and medium enterprises was 49.4% and 46.7%, down 1.3 and 3.6 percentage points from the previous month.

IS200VCRCH1B Chen Li said that the PMI of large enterprises further rebounded from the expansion range last month, which played an important supporting role in the recovery and development of the manufacturing industry. Both medium and small enterprise PMIs declined from the previous month, indicating that the economic recovery foundation of small and medium-sized enterprises still needs to be further strengthened.

In terms of policy support, on April 2, The General Office of the State Council issued the Implementation Plan for Coordinating the Construction of Financing credit service Platforms to Improve the financing convenience level of small, medium-sized and micro Enterprises. Chen Li believes that with a series of policy measures to optimize the business environment for private enterprises and smooth financing channels for private enterprises, the prosperity level of private small and medium-sized enterprises is expected to gradually pick up. The reporter noted that the main highlight of the official manufacturing PMI data in May is the expected index of production and operation activities, which, although it fell by 0.9 percentage points in May, continued to be at a high level of 54.3%, indicating that manufacturing enterprises’ expectations for market development are generally stable.

IS200VCRCH1B “From the perspective of the industry, agricultural and sideline food processing, food and wine and beverage refined tea, special equipment, electrical machinery and equipment and other industries production and operation activities expected index has been located at more than 55.0% higher boom range since this year, enterprises have strong confidence in the development of the industry.” Zhao Qinghe also said when interpreting.

Similarly, in the Caixin China manufacturing PMI, the production and operation expectations index edged up in expansion territory in May. Respondents said that growth expectations are mainly related to the recent recovery in domestic and international market demand, but also due to the introduction of new products, technological advances and capacity expansion.

Wang Zhe, senior economist of Caixin Intelligence Group, said that in May, the prosperity of the manufacturing industry remained good, supply, domestic demand and exports expanded to different degrees, and enterprises maintained optimism.

Looking forward to the future market, Chen Li told reporters: “With the continuous effect of a series of policies to expand domestic demand, domestic demand in China is expected to gradually pick up, driving the official PMI back to the expansion range.” With the development of new quality productivity, the growth rate of small and medium-sized private enterprises in high-tech manufacturing and foreign trade is expected to accelerate, driving the further improvement of Caixin manufacturing PMI.”