China's Factories Picked Up Steam In May

China's factories produced the most goods they have turned out in five months during May, giving hope to some observers that the world's second-largest economy is recovering from a sluggish start to the year. "The Chinese numbers were fractionally higher. We are beginning to make some progress but it is consistent with this story that the Chinese economy is not going to grow as fast as it has in the past," Peter Dixon at Commerzbank told Reuters on Monday.