The Chinese economy issued the PMI manufacturing index during May which rose to 53.9, compared with previous reading 55.7 in April, while the analysts' expectations referred to 54.5.

Moreover, the actual reading of PMI manufacturing came above 50 indicates a recovery of the industrial sector in China and vice versa, and the current data indicates the Chin's industrial production sector is witnessing slower improvement in May, which give a positive signs to the Chinese growth is in track to recover with the governmental which works to calm credit and real estate markets.