AI Data Insight
China's Q2 2026 (May) non-manufacturing new orders index recorded 45.0, a slight increase from the previous value of 44.3, but remains deeply mired in the contraction zone below the 50 boom-or-bust line. Although boosted by the "May Day" long holiday and infrastructure policies, the overall non-manufacturing PMI returned to the expansion zone at 50.1, however, the continuous sluggishness of the new orders and employment indices indicates that insufficient domestic demand remains the biggest hidden concern for economic recovery.