China's Factory Activity Slows

China's manufacturing activity slowed in May, raising concerns about the nation's economic health.

This deceleration is attributed to weakening global demand and rising input costs, particularly energy prices exacerbated by the ongoing Middle East conflict.

Despite the slowdown, China's services PMI surged to 54.4, beating forecasts, and the country has picked a new state firm to coordinate overseas mining deals.

However, China is also extending outbound investment curbs to individual investors, reflecting efforts to manage capital flows amidst global economic uncertainties.