
China's May factory activity unexpectedly shrinks as tariffs dent sentiment — worst drop since 2022
JIMO, CHINA - MAY 21: Car bodies are assembled at a factory of FAW-Volkswagen Automotive Co., Ltd Qingdao Branch on May 21, 2025 in Jimo, Qingdao City, Shandong Province of China. Visual China Group | Getty Images China's manufacturing activity in May …