Manufacturing directly reflects the level of productivity of a country and is an important factor that distinguishes developing countries from developed countries. And the manufacturing industry occupies an important share in the national economy of developed countries in the world. However, domestic manufacturing in May was weaker than expected. Can't help feeling: We have to learn to adapt to the "new normal" of the economic slowdown!
In the first quarter of this year, China’s economy grew by only 7% year-on-year, the slowest growth rate in six years. Previously, data for January and February showed that China's manufacturing industry contracted slightly. After 20 years of rapid growth, Chinese policymakers are now facing the "new normal" of slowing economic development.
