AI Data Insight
China's Emerging Industries Purchasing Managers' Index (EPMI) for imports recorded 44.4% in May, edging up 0.1 percentage points from the previous month and marking a third consecutive month of recovery. However, the data remains well below the 50 boom-or-bust line, reflecting that the driving force of domestic demand remains weak, and high user inventory may constrain short-term expansion. Looking ahead, resilient export momentum and low self-owned inventory will be the key catalysts supporting the subsequent recovery of emerging industries.