AI Data Insight
In May 2026, China's Emerging Industries Purchasing Managers' Index (EPMI) reported at 52.9%, down 4.5 percentage points from the previous value of 57.4%. Despite a seasonal pullback, it still demonstrates expansionary resilience. Detailed breakdowns show simultaneous declines in production and demand with a widening gap between the two, though export orders and the new generation of information technology industry provide significant support. In the short term, attention should be paid to the destocking pressure of downstream inventories, while in the medium term, the focus is on structural opportunities in the high-tech manufacturing sector.