China's factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits.

China's factory activity swings to surprise growth in May — Caixin PMI

New rules under consideration would restrict the flow of US investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a US Treasury official said on Wednesday.

Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials are working on curbing investment from the US that "comes with know-how and expertise to certain specific sectors and subsectors such as advanced semiconductors, artificial intelligence and quantum computing," citing China and its military in particular.

US seeks to curb investment in Chinese chips, AI and quantum computing

China is rolling out the red carpet for global business leaders including Jamie Dimon and Elon Musk, seeking to allay fears the world’s second-largest economy is becoming more hostile toward foreign capital.

China woos Dimon, Musk as pressure builds on Xi to boost economy

Things are going from bad to worse for Chinese equities, with a key index tumbling into a bear market as disappointing manufacturing data added to the bleak outlook.

A gauge of Chinese stocks in Hong Kong dropped over 20% from its recent peak to enter a bear market, while the Hang Seng Index also retreated. The offshore yuan plummeted to a six-month low, while commodities from copper to iron ore slumped.

Everywhere you look in China are signs of more market misery

US agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, it said in a statement on Wednesday (May 31).

Cargill selling China poultry unit to private equity firm DCP Capital

The gap between Chinese and US yields will likely remain for another three years as the nation keeps interest rates low to sustain a recovery and that may weigh on global investor demand, according to Credit Agricole CIB’s Patrick Wu.

Veteran trader sees three more years of China yield discount

China's factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower.

China's factory activity falls faster than expected as recovery stumbles

Chinese stocks are facing one grim milestone after another, with waning investor confidence signalling that things will likely get worse before getting better.

Miserable May dashes hopes for rebound in Chinese stocks

Banks in Hong Kong borrowed the largest amount of short-term cash in over two years from the authorities, suggesting there was sudden demand for liquidity.

Banks tap Hong Kong’s discount window for most funds since 2021

Two surveys suggest China’s manufacturing sector improved or at least stabilised in May compared with the previous month, providing some respite following signs of a slowdown in the economy’s recovery.

China Beige Book, a US-based data provider, said its surveys show manufacturing output increased “notably” in May from April, as did domestic and foreign orders. Separately, Goldman Sachs Group Inc cited a pick up in the emerging industries purchasing managers’ index.

China’s manufacturing sector improved in May, surveys show

A peek at five often overlooked raw materials markets shows how China’s stuttering recovery extends to almost every nook and cranny of its economy.  

Commodities like crude oil or copper usually take the headlines for investors parsing the state of Chinese demand.

Niche commodities sound alarm in every corner of China’s economy

President Joe Biden and his European allies have repeatedly stressed their desire to “de-risk,” not “decouple,” from the Chinese economy in recent months as a way to explain a slew of new restrictions on trade with Beijing. The problem is, for China there’s no difference.

China rejects US claim that it’s ‘de-risking’, not ‘decoupling’

HONG KONG (May 29): Chinese investment bank GF Securities is in final talks to acquire a 20% stake in Hong Kong-listed asset manager Value Partners, sources familiar with the matter said.

GF Holdings (Hong Kong), the international arm of Hong Kong and Shenzhen-listed GF Securities, is set to pay HK$1.1 billion (RM647.25 million) for the stake, according to a person familiar with the matter and a document reviewed by Reuters.

China’s GF in talks to buy 20% stake in asset manager Value Partners — sources

BEIJING (May 29): Heavy rain has flooded wheat fields in China's central Henan province, just days ahead of the harvest, pushing up prices and raising concerns about the quality of this year's crop in the world's top consumer of the grain.

The rain, which started in the middle of last week in the southern half of Henan, is causing some of the wheat to sprout or become affected by blight, according to videos posted on social media and a local grain dealer.

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